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 Pronounces Bitcoin Illegal

Dated 8 August 2018, مؤسسة النقد...

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