Saudi Arabia

Saudi Arabia Nears Launch of State-Backed Stablecoin, Pioneering Fintech

Saudi Arabia plans to launch a state-backed stablecoin regulated by its Central Bank and Capital Market Authority.The stablecoin is part of the Kingdom’s Vision...

Saudi Arabia to Allow Foreign Real Estate Ownership from 2026

Saudi Arabia will allow foreign investors to purchase real estate starting January 1, 2026.Initial opportunities for foreign ownership will focus on new developments in...

Saudi Arabia Joins BIS-Led Digital Currency Project, Paving Way for Less Oil Trade in U.S. Dollars

Saudi Arabia's central bank is now a full participant in the BIS-led Project mBridge.The project includes central banks from China, Hong Kong, Thailand, and...

The Sandbox Signs MOU with Saudi Arabia to Develop Metaverse Activities

The steps towards the metaverse in the Middle East continue and in this context a Memorandum of Understanding (MOU) has recently been signed between...

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SEC Clarifies Broker Rules for Crypto Apps

The SEC issued new guidance exempting certain crypto apps and wallets from broker-dealer registration requirements.Exempt platforms must avoid giving...

UK Report: Anthropic AI Can Launch Autonomous Cyberattacks

The UK's AI Safety Institute confirmed Anthropic's Claude Mythos Preview can autonomously execute sophisticated cyberattacks.Mythos Preview became the first...

XRP Sentiment Hits Two-Year Low Amid Analyst Bull Call

Sentiment around XRP has turned sharply negative, hitting one of its highest bearish levels in the past two years,...