Cryptocurrencies pose potential threat to financial stability: SAMA
- Date: 15-Oct-2023
- Source: Eye of Riyadh
- Sector:Financial Markets
- Country:Saudi Arabia
Cryptocurrencies pose potential threat to financial stability: SAMA
Cryptocurrencies and their brokers pose a potential threat to financial stability, said Ayman Al-Sayyari, Governor of the Saudi Central Bank, during the meeting of the G20 Finance Ministers and Central Bank Governors. He added that cryptocurrencies need well-coordinated supervision and regulations, noting that the Kingdom supports the relevant roadmap of the International
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