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Saudi Arabia's central bank hires crypto chief to boost digital ambitions

Saudi Arabia has until now taken a more cautious approach on virtual assets, with officials raising concerns about their speculative nature.

Photo: Bloomberg
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Photo: Bloomberg

Bloomberg
Saudi Arabia’s banking regulator recently appointed Mohsen AlZahrani to lead its virtual assets and central bank digital currency program in a sign of the Gulf state’s potential crypto ambitions. 
 
Saudi Arabia has until now taken a more cautious approach on virtual assets, with officials raising concerns about their speculative nature. Yet the emergence of the neighboring United Arab Emirates as a global crypto hub has created some urgency in Riyadh to draft more formal rules for the asset class, people familiar with the matter said. 
 
AlZahrani, a former managing director at consultancy Accenture, reports to Ziad Al Yousef, the Central

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