Saudi Arabia central bank joined a Chinese-dominated central bank digital currency (CBDCs) cross-border-trial.
Central Bank Digital Currency
A global shift towards digital currencies with 134 nations exploring or implementing digital versions of their national currencies.
On the 21st of August, Mastercard launched its CBDC program, to help central banks explore the benefits and limitations of CBDCs.
Seeking to ensure its monetary sovereignty, the EU appointed Stefan Berger to lead the development of legislation for its digital euro.
