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Could you please clarify the legal status of cryptocurrency in Saudi Arabia? I've heard rumors that it's banned, but I'm also aware that the government issued a warning in 2019 regarding unsanctioned crypto transactions. Moreover, SAMA seems to be taking steps towards developing regulations in this space, having hired a virtual assets lead in 2022. However, the Saudi Arabian Monetary Agency (SAMA) stated in 2017 that financial institutions are banned from crypto transactions. So, what's the current official stance on cryptocurrency in Saudi Arabia?
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