SAMA to issue digital currency for banks, says Alkholifey

07/10/2017 Argaam

The Saudi Arabian Monetary Authority (SAMA) plans to issue a digital currency to be traded only among banks, SAMA Governor Ahmed Alkholifey told Argaam.

 

The Kingdom’s central bank is studying the impact of digital currencies and the position of other central banks in coordination with the Bank for International Settlements.

 

SAMA has previously warned about the risks of trading digital currencies online, Alkholifey added.

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