Financial Authorities of Saudi Arabia and Hong Kong Forge Partnership to Explore Fintech and Tokenization

Financial Authorities of Saudi Arabia and Hong Kong Forge Partnership to Explore Fintech and Tokenization



Recently, representatives from Saudi Arabia's Central Bank (SAMA) and the Hong Kong Monetary Authority (HKMA) held a meeting with the aim of enhancing cooperation and integration in financial services. The meeting, which took place on July 27, sought to strengthen the existing partnership between the two regions and improve their respective financial systems.



During the meeting, the focus was placed on reaching agreements related to tokenization and payment infrastructure. SAMA and HKMA discussed four key areas of interest, namely financial infrastructure development, open market operations, market connectivity, and sustainable development. Additionally, they explored the use of supervisory technologies like artificial intelligence, machine learning, tokenization, and payment infrastructure.



To solidify their commitment to


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#Adoption, #Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #HongKong, #News, #SaudiArabia

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