The Kingdom of Saudi Arabia is looking into the possibility of implementing blockchain technology across its government as well as allowing the use of cryptocurrencies.
Saudi Arabia is considering putting into action the use of cryptocurrencies in the kingdom as well as the adoption of blockchain, a report quoting a government official has said.
While the Saudi government has yet to make a decision concerning the use of cryptocurrencies, a recent survey suggested more than half of the country’s residents believe digital currencies should be used for payments.
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The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency , the digital real.
Roberto Campos Neto, president of the bank, also stated that this …