The Saudi Arabian Monetary Authority (SAMA), the Central Bank of Saudi Arabia, has announced the appointment of Mohsen Al Zahrani, the former Managing Director at consultancy Accenture, to lead its digital assets and Central Bank Digital Currency programme, according to coverage of Bloomberg reported on Sunday.
According to the people familiar with the sources, Al Zahrani reports to Ziad Al Yousef, the Central Bank’s Deputy Governor for development and technology, who asked to remain anonymous because the matter is private.
As per the report, Al Zahrani and Al Yousef are part of a team in Riyadh (the capital city of Saudi Arabia) that is engaging with some of the world’s biggest crypto companies on future regulations.
Saudi Arabia has recently taken a more cautious approach towards digital assets, as officials raise concerns about their speculative nature.
According to people familiar with the matter, the emergence of the neighbouring nation, the United Arab Emirates (UAE), as a...
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