During an interview with a local news outlet Al-Eqtisadiah, the representative of SAMA, revealed that the Central bank of the Kingdom of Saudi Arabia, known as the Saudi Central Bank (SAMA), is reportedly exploring the risks and benefits associated with different emerging technologies, including Blockchain technology. As per a spokesperson, several banks are still in the early stages of their CBDC projects, as they are either researching, experimenting, or are at the proof-of-concept stage.