đžđŠ 1) Saudi Arabia advancing stablecoin plans
Saudi Arabia is actively working on a nationally regulated stablecoin framework overseen by its central bank (SAMA) and capital regulators, aligned with Vision 2030 to modernize digital payments and cross-border transactions. However, specific legal rules havenât been finalized yet. ïżŒ
đïž 2) Strategic blockchain & tokenization projects
The Kingdom launched a national tokenized real estate registry using blockchain to allow fractional property ownership, improve transparency and attract foreign investment. ïżŒ
đ€ 3) International blockchain partnerships
Saudi Arabiaâs government and major crypto exchange tech firms (like WhiteBIT) have formed strategic partnerships to build digital finance infrastructure, support CBDC frameworks, and enhance blockchain capabilities under Vision 2030. ïżŒ
đ 4) Strong local blockchain growth
Blockchain company registrations in Saudi Arabia surged over 4,000 firms, a rise of ~51 % year-on-year, showing growing interest from domestic and foreign investors. ïżŒ
âïž 5) Regulatory status: cautious but evolving
Cryptocurrencies (like $BTC , $ETH ) are not legal tender, and thereâs no full local exchange licensing yet, but trading via international platforms (e.g., P2P or global exchanges) continues. Authorities are ensuring AML/KYC controls remain strict. ïżŒ
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đ Quick Summary
â Saudi Arabia is actively building blockchain & stablecoin infrastructure. ïżŒ
â New real-estate tokenization initiative launched to attract liquidity and investors. ïżŒ
â Partnerships with global crypto firms are growing. ïżŒ
â Regulatory environment is controlled & cautious â crypto isnât legal tender, but trading access exists. ïżŒ


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