Central banks mull using tech to raise financial system efficiency: Official

Ziad Al Yousef, Deputy Governor for Development and Technology at SAMA

Ziad Al Yousef, Deputy Governor for Development and Technology at Saudi Central Bank (SAMA), said crypto assets emerged on the great technological development witnessed by the world. These assets are still in an early stage in many countries, as many people are hesitant about using them as real money.

This came during the “Journey of Money in History” panel at LEAP22 Conference, hosted by Riyadh.

The emergence of crypto assets drew the attention of central banks to study the possibility of using this technology to raise the financial system efficiency.