Saudi and UAE Central Banks joined forces to test crypto

The Central Banks of two countries plan to use cryptocurrency in cross-border payments in the future
14 December 2017   352

The National and Gulf Digital News report that Mubarak Rashid Al-Mansuri, the head of the Central Bank of the UAE, presented the initiative at the meeting of the Arab Monetary Fund (AWF). The meeting does not apply directly to the crypto currency, however, although the financial technologies of the topic as a whole will be discussed among a group of central banks and financial regulators.

Al-Mansuri highly appreciated the efforts to develop block-technologies.

This is the first times [sic] the monetary authorities of two countries cooperation to use blockchain technology. As quoted by The National, al-Mansouri described the project as a "digitisation of what we do already between central banks and banks.

Mubarak Rashid Al-Mansuri

Head, Central Bank of the UAE

Attraction of the central bank of Saudi Arabia is a notable event in view of the fact that the institution has not commented on the technology so far and did not indicate that it is studying potential cases of its use.

On the contrary, the UAE is home to a number of private and public sector initiatives, including the Dubai Global Council for Blockchain. A number of financial institutions have explored the use of technology in recent months, including Emirates NBD, which develops blocking services to check bank checks.

UCLA Blockchain Crypto Conference to be Held in LA

The UCLA Conference will be held on February 17-18 of 2018, gathering together the most experienced and exciting thinkers
17 February 2018   174

UCLA's Blockchain Lab and Far from LA are holding the Blockchain Cryptocurrency Conference, gathering together the most experienced and exciting thinkers across SoCal, in order to foster both economic and educational progress. The conference will concern cybersecurity, cryptocurrencies, and blockchain.

The UCLA Conference will be held on February 17-18 of 2018.

Location: The University of California, Humanities Building, 415 Portola Plaza, UCLA 90095, Los Angeles

The headline speakers will include Kathleen Breitman, the co-founder of Tezos; Sandra Ro from UWIN Lab; David Moss from EOS; Jeremy Rubin, the Bitcoin core developer, and many more.

The agenda of the conference is as follows: the future of blockchain keynote, bringing humanity to the blockchain, cybersecurity, autonomous vehicles, blockchain's influence on the development of art and culture, blockchain in the music industry, government adoption of blockchain around the world, and more.