Here’s everything that’s happened since OpenAI co-founder Sam Altman was suddenly fired from his role as CEO.
Category: SAMA
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Saudi Central Bank still researching CBDC, but no decision on deployment
Saudi Arabia’s central bank stressed that no decision has been made to launch a CBDC in the Kingdom, but it will continue to research use cases.
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Bitcoin Illegal: Saudi Arabia Monetary Authority
Kingdom of Saudi Arabia (المملكة العربية السعودية) regulators issued a statement this week through its monetary authority. Cryptocurrencies such as bitcoin are illegal in the country. Citing “negative consequences” and “high risk,” the government believes it must protect subjects from themselves. Also read: Report: 15,000 Twitter Crypto Scam Giveaway Bots Saudi Arabian Monetary Authority […]
The post Bitcoin Illegal: Saudi Arabia Monetary Authority appeared first on Bitcoin News.
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Trading Bitcoin Declared Illegal in Saudi Arabia Despite the Great Strides Made
Trading cryptocurrencies is illegal in the kingdom of Saudi Arabia, as they are high risk to traders and are out of the government’s supervision. This is according to a statement issued on August 12 by a standing committee comprised of regulators from various government institutions. The statement made it clear that no entities are licensed […]
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