Is crypto allowed in Saudi Arabia?｜Several nations have outright banned digital currency, while others have tried to cut off any banking and financial system support essential for its trading and use. Some of the countries where are: Qatar. Saudi Arabia.cryptocurrency is illegal

Is it permissible to engage in cryptocurrency transactions in Saudi Arabia?｜It is noteworthy that several countries have implemented outright bans on digital currencies, while others have sought to sever any banking and financial system ties crucial for the trading and utilization of such currencies. Among the nations that have taken such measures are Qatar and Saudi Arabia, where cryptocurrency activities are deemed illegal. Could you elaborate on the legal status of cryptocurrency in Saudi Arabia and any potential consequences for individuals or entities involved in such transactions?