Crypto News Recap: UAE, KSA CBDC Progress Ranks Among Top 10 Globally
- Date: 11-Apr-2022
- Source: Al Bawaba
- Sector:Financial Markets
- Country:UAE
Crypto News Recap: UAE, KSA CBDC Progress Ranks Among Top 10 Globally
As CBDCs and stablecoins have proven mettle in the times of crisis, PwC’s report came to confirm that. Overall, it’s safe to say that crypto is better than fiat in terms of effectiveness, cost, cross-border transactions, and availability 24/7/365.
It’s no secret that NFTs continue to be the go-to buzzword, as this time, Starbuck is brewing a new NFT project. Also, the crypto puppet master, Elon Musk, opens investors' appetite to bitcoin. All of this and more, you know the drill... we've got you covered! Here's a quick rundown of all the important Bitcoin and cryptocurrency news stories from the past week.
Both UAE and KSA were ranked among the top ten countries in the PWC’s 2022 Central Bank Digital Currency ( CBDC) Index and stablecoin overview report which measures Central Bank’s progress and level of maturity in deploying its own CBDC project.
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