Tags: Saudi Arabi

Traditional financial firms are increasingly connecting services, portfolios and operations with digital assets.

They have signed a memorandum of understanding on digital asset investment and semiconductor production.

Saudi Arabia’s forthcoming regional development project, NEOM, has partnered with Animoca Brands to push Web3 in the region and a potential $50 million investment deal.

Saudi Central Bank Calls IMF for “Good Supervision” of Crypto Activities

Testimony from the former Alameda Research CEO continued on the sixth day of Sam Bankman-Fried’s criminal trial, delving into potential investments prior to FTX’s bankruptcy.

Today in Crypto: Fines and Prison for Unregistered Crypto Firms in Cyprus, OrdinalsBot Raise $1 Million, Zimbabwe Gold is Now a Payment Method

A university in Saudi Arabia has collaborated with two Chinese universities to create an Arabic-focused AI system called AceGPT.

The kingdom is currently diversifying its economy away from oil and turning to new opportunities, such as gaming and Web3.

The Saudi Central Bank warned in 2019 that Bitcoin is “not recognized by legal entities” but hasn’t made many statements on crypto since.

The Rise of Cryptocurrencies in Arab Countries: Understanding Saudi Arabia‘s Latest Move

Bitcoin and crypto aren‘t unraveling the banks.

In a partnership ceremony at the LEAP 2023 conference in Saudi Arabia, the Sandbox entered into an MOU with the government of Saudi Arabia for future metaverse development.

Saudi Arabia‘s central bank stressed that no decision has been made to launch a CBDC in the Kingdom, but it will continue to research use cases.