Saudi Arabia and the UAE will establish a joint cryptocurrency

Саудовская Аравия и ОАЭ создадут совместную криптовалюту

The UAE and Saudi Arabia announced plans to establish a joint currency.

This decision was taken at a meeting of the Executive Committee of the coordinating Council of the two countries, UKRINFORM reports.

Publication the National notes that the cryptocurrency will be exclusively for commercial banks and Central banks of the two countries.

Her start in experimental mode to facilitate cross-border payments and explore the possibilities of the blockchain and the impact of cryptocurrency on monetary policy.