KSA uses blockchain tech for liquidity injection to banks

The Saudi Arabian Monetary Authority (SAMA) used blockchain technology to deposit part of the SAR50 billion ($13.3bn) liquidity injected into the banking sector. This was part of SAMA’s actions aimed at enhancing the sector’s capabilities to continue its role in providing credit facilities.

SAMA is exploring and experimenting with emerging technologies, and keeping pace with the global trends of central banks in assessing the impacts of such technologies on the financial sector in coordination with the regulatory authority, its sandbox and an array of digital banking services and payments.


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