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The United Arab Emirates and Saudi Arabia are planning to launch joint cryptocurrency



The United Arab Emirates and Saudi Arabia announced Saturday the establishment of a joint cryptocurrency in the context of the meeting of the Executive Committee of the Saudi Emirates Coordination Council in Abu Dhabi, reports WAM.

The digital currency is strictly for banks when it is in the experimental phase to better understand the consequences of blockchain technology and to facilitate cross-border operations. The main objectives of the project are protecting the interests of bank customers, setting technology standards and assessing cybersecurity risks & # 39; s.


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