Yes, as cointelegraph reported: Hong Kong and Saudi Arabia collaborate on tokens and payments
Let me summarize a bit. Basically, Hong Kong and Saudi Arabia are teaming up to boost their financial cooperation, with a focus on tokenization and payment systems. They recently had a meeting to make their financial services work better together. They talked about things like improving financial infrastructure, how markets operate, and sustainable development. The central banks of both countries also signed an agreement to discuss financial innovation together.
During the meeting, they shared their know-how in areas like tokenization (aren't we all familiar with this concept?) and setting up payment systems. The heads of the financial authorities from both sides were excited about the potential for working together in trade, finance, and fintech (that's all about using technology in finance).
This partnership is aimed at strengthening their financial ties and bringing new advancements to the financial world in Hong Kong and Saudi Arabia.
Although they did not specifically talk about crypto. But we all know that basically they are all the same. With the infra strengthened, crypto will take advantage of it. Besides, HK is now very crypto friendly!
