The Saudi Central Bank is considering the use of blockchain and CBDC
The Central Bank is experimenting with new technologies, but is not going to abandon cash in favor of digital payments
25.10.2021 - 13:30
556
1 min
0
.
What's new? The Saudi Central Bank (SAMA) is considering a number of technologies, including blockchain, before making any decision regarding CBDC, Al Eqtisadiah reports.
What is the government's plan? The central bank's digital currencies have become an important financial technology, but the kingdom is not going to abandon the use of cash in the near future. Saudi Arabia plans to increase the share of electronic transfers to 70% of the total number of payments in the country by 2030.
In addition, the kingdom intends to ensure the continuity of cash transactions, as well as the availability of receiving fiat money as a means of payment. According to the central bank’s representative, this goal will be achieved by 2025.
What is known about the bank? SAMA was one of the first in the world to study CBDC back in 2019. Then he announced the “Aber” project which is a bilateral experiment with the UAE to test the use of digital ledgers in cross-border transactions.
Useful material?
Telegram 
Twitter Incidents
The company is linking the incident to a compromised private key on a service wallet, rather than a smart contract exploit
May 22, 2026
Incidents
Following the incident, the project temporarily halted trading operations and node activity.
May 15, 2026
Incidents
The user spent weeks unsuccessfully trying to guess the password until Claude helped find an old wallet backup file
May 14, 2026
Crypto regulations
Authorities are introducing mandatory registration for companies handling cross-border crypto transactions
May 8, 2026
Incidents
According to Blockaid, the attack may have been carried out by the same hacker behind the 1inch Fusion V1 exploit.
May 7, 2026
Incidents
The attacker gained administrative access and altered contracts to drain user funds
Apr 30, 2026
Cryptocurrency rates
-
Bitcoin
$63 723
BTC
-4.97%
-
Ethereum
$1 778.88
ETH
-5.02%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.18
XRP
-4.94%
-
TRON
$0.160134
TRX
-1.59%
-
Dogecoin
$0.089349
DOGE
-5.02%
-
Zcash
$582.85
ZEC
-5.18%
-
Cardano
$0.196408
ADA
-9.19%
-
Stellar XLM
$0.210028
XLM
-8.01%
-
Polkadot
$3.32
DOT
+5.27%