CryptoElite
Thu Jun 06 2024
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5 answers
1320
Does Saudi Arabia accept crypto?｜The Kingdom of Saudi Arabia's (المملكة العربية السعودية) stance on Bitcoin and cryptocurrencies, stated through its monetary authority, the Saudi Arabian Monetary Authority (SAMA), is that , and dealing with it is risky.cryptocurrencies are not supported within the Kingdom
Do you happen to know if Saudi Arabia accepts cryptocurrencies? I've heard conflicting information about their stance on Bitcoin and other digital currencies. The Saudi Arabian Monetary Authority (SAMA) has presumably made a statement regarding this matter, but I'm not entirely clear on their exact position. Could you elaborate on whether cryptocurrencies are supported or not within the Kingdom of Saudi Arabia? I understand that dealing with them may carry risks, but I'm interested in understanding the official perspective.
Giuseppe
Mon May 20 2024
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7 answers
1194
Is crypto banned in Saudi Arabia?
I've been hearing rumors that cryptocurrency is banned in Saudi Arabia. Could you clarify the situation for me? I'm quite interested in investing in crypto but want to make sure it's legal in the Kingdom. Could you tell me if there are any specific laws or regulations governing the use of cryptocurrency in Saudi Arabia? If it's indeed banned, what are the reasons behind this decision? And if it's not banned, are there any restrictions or guidelines that investors should be aware of? Your expert opinion would be greatly appreciated.
