Regulator: Saudi Central Bank (SAMA); Capital Markets Authority (CMA)
Cryptoassets (including stablecoins) are not explicitly prohibited and lack formal legal frameworks. The Saudi Central Bank (SAMA) has run a regulatory sandbox allowing limited digital asset and fintech experimentation, including stablecoin pilots. However, retail trading and issuance outside approved frameworks remain restricted. Saudi Arabia’s Minister of Municipal, Rural Affairs and Housing Majed al-Hogail announced that the government, in partnership with Capital Market Authority and the Central Bank, are looking into launching stablecoins.
(News Report: 6 Nov, 2025) Saudi Arabia is moving to launch Government regulated stablecoins. The Kingdom’s approach to stablecoin is most likely going to be progressive but risk-aware.
