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Central Banks of UAE and Saudi Arabia Say CBDCs are More Efficient and Can Preserve Privacy

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Central Banks of UAE and Saudi Arabia Say CBDCs are More Efficient and Can Preserve Privacy 350x209 1

Central Banks of UAE and Saudi Arabia Say CBDCs are More Efficient and Can Preserve Privacy 1120x669 1The conclusion of Project Aber and subsequent review by the Central Banks of the Kingdom of Saudi Arabia (Saudi Arabian Monetary Authority) and the United Arab Emirates (CBUAE) shows that Distributed Ledger Technology (DLT) can improve remittance and satisfy privacy demands despite it being technically untenable, a joint report on Nov 28 reveals. Objectives of Project Aber

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