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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 … Read more
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 … Read more
The Saudi government has issued a warning that dealing in digital currencies is prohibited in the Kingdom, citing “high risks” and “negative consequences” Go to Source Powered by WPeMatico
A new report from Accenture states that Iran-based ransomware demanding payment in crypto is on the rise and will further escalate in the current geopolitical climate Go to Source Powered by WPeMatico
Riyadh municipality in Saudi Arabia has partnered with IBM to jointly design a blockchain strategy to improve services in the government sector Go to Source Powered by WPeMatico
Muslim entrepreneurs, investors, and governments are intent on being leaders in the competitive global marketplace Go to Source Powered by WPeMatico
Saudi Arabia’s communications ministry hosted a blockchain ‘bootcamp’ with ConsenSys last week. #NEWS Go to Source Powered by WPeMatico
There has always been a question as to how one could use blockchain technology for the benefit of millions of people. Outside of the financial sector, a fair few use cases are being explored right now. Surprisingly, it seems Saudi Arabia is leaning toward using this innovative technology to revolutionize the energy sector. With a peer-to-peer trading … Read more
Aramco Ltd. is a private company based out of the United Kingdom and Saudi Arabia. Aramco Coin has created the ARM token in order to allow people to invest in a cryptocurrency that has some intrinsic value and also to allow people to easily trade on the live price of Brent crude oil. Aramcocoin.io is … Read more
Nations forming the Group of 20 (G20) summit in Argentina this week issued Comunicado oficial de la primera reunión de ministros de Hacienda y presidentes de Bancos Centrales del G20, or first communication from the world’s central bankers concerning their work. The two page document is crammed with statements, and on the final page bankers … Read more
