Is Cryptocurrency Illegal In Saudi Arabia : 3 Saudi Government Can Put Complete Ban On Cryptocurrencies Youtube : A regulatory body of saudi arabia has issued a notice that recalls cryptocurrency trading is still illegal throughout the country.. Saudi arabia's regulatory authorities recently issued a warning stating that cryptocurrency trading is considered illegal in the country. State officials in saudi arabia have reminded citizens that trading in cryptocurrency is illegal in the country. Kingdom of saudi arabia (المملكة العربية السعودية) regulators issued a statement this week through its monetary authority. The government of saudi arabia lowered the boom on crypto trading on sunday. A special standing committee in saudi arabia has issued a statement reaffirming the illegality of bitcoin and other cryptocurrencies in the kingdom, in light of a number of websites and social media accounts promoting them.
Despite the proactive and eventually positive approach of saudi arabia towards blockchain technology, the officials are still holding back cryptocurrency trading to come into law. According to a statement issued sunday, the standing committee warned against trading in cryptocurrencies due to negative consequences and. According to a recent warning by the central bank of saudi arabia, dealing with cryptos is strictly prohibited for all individuals and entities within the kingdom. The committee assured that virtual currency including, for example but not limited to, the bitcoins are illegal in the kingdom and no parties or individuals are licensed for such. .officials in saudi arabia has warned that the unauthorized virtual currencies are illegal inside the kingdom of saudi arabia because of their negative the committee went on to warn citizens about the risks associated with investing in cryptocurrencies, not just from the volatility of the market but.
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The note, published by the saudi arabian monetary authority.
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We were reminded of that this past weekend.
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State officials in saudi arabia have reminded citizens that trading in cryptocurrency is illegal in the country.
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