The United Arab Emirates and its neighbor Saudi Arabia launched a government-backed cryptocurrency to facilitate cross-border payments.
source https://www.google.com/url?rct=j&sa=t&url=https://cryptoslate.com/uae-saudi-arabia-launch-government-cryptocurrency-cross-border-payments/&ct=ga&cd=CAIyGmM2Nzk3ODA2ZWViNjVjODI6Y29tOmVuOlVT&usg=AFQjCNFEMIBiw8Zs42KiSw_scwz8x25a4Q
