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Crypto

Saudi cryptocurrency market seen reaching $47.8 billion by 2034, driven by youth and institutions

Saudi Arabia\'s cryptocurrency market is expected to grow to $47.8 billion by 2034, an IMARC Group report cited by Cryptopolitan showed. The market is projected to expand from $24.9 billion at the end of 2025, with average annual growth of 7.51 percent from 2026 to 2034. Drivers cited include Vision 2030, institutional investment, a young population, supportive regulations and wider blockchain use, including participation in the mBridge cross-border payments project.

Crypto

China-led CBDC project mBridge tops $55 billion in cross-border payments

Transaction volume on mBridge, a China-led cross-border digital currency platform, has grown to about $55 billion, Cointelegraph reported on Jan. 18. The multi-central bank digital currency platform has processed more than 4,000 cross-border transactions since its 2022 pilot stage, with the digital yuan making up 95 percent. China’s central bank data showed the e-CNY has handled over 3.4 billion transactions worth about 16.7 trillion yuan.