2022-7-14 16:06 |
Saudi Arabia is a significant market for digital currencies with the country's favorable regulatory climate, large consumer base and increasing interest in cryptocurrencies, a new KuCoin survey says.
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The Metaverse world gaming pioneer, Sandbox, closed a deal with the Saudi Arabia government on Feb. 7.
2023-2-8 18:05 | |
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In a partnership ceremony at the Leap 2023 conference in Saudi Arabia, The Sandbox entered into an MOU with the government of Saudi Arabia for future metaverse development.
2023-2-9 16:48 | |
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Saudi Arabia, like many of its neighbors in the Middle East, is reportedly eyeing blockchain and cryptocurrency use and adoption across the country. According to one recent report, the Saudi government officials say the country is also ready to explore Web3.
2022-4-27 21:04 | |
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Saudi Arabia may be ready to launch a cryptocurrency in 2019. The information was released by the Saudi Press Agency on Tuesday quoting Mohsen Al Zahrani, Head of Innovation at the Saudi Arabia Monetary Authority (SAMA).
2018-11-24 21:50 | |
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The largest bank of Saudi Arabia entered into a partnership with the San Francisco-based company Ripple. Fueled by this announcement, XRP tokens increased in price by 22%.
2018-9-19 23:19 | |
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Ripple’s homegrown blockchain-powered global payment network has just bagged one of its biggest clients in Asia: the National Commercial Bank (NCB) of Saudi Arabia, a banking giant worth more than $120 billion.
2018-9-16 19:59 | |
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the popular financial institution will now be in a prime position to embrace the blockchain technology and ultimately help in the campaign to foster wide-spread adoption of the technology as well as cryptocurrencies in the region.
2018-9-16 18:23 | |
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When it was authorized as the first established bank in Saudi Arabia, the National Commercial Bank (NCB) was slated to become the largest financial institution in the Middle East. Sixty-five years and 400 branches later, the Kingdom of Saudi Arabia (KSA) has joined forces with Ripple’s cryptocurrency enterprise.
2018-9-15 13:00 | |
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Thursday 13th September 2018 was when Ripple announced on their website that NCB (National Commercial Bank) of the Kingdom Saudi Arabia (KSA) has become the latest enterprise customer and joined up with RippleNet and Ripple’s fast growing network of payment providers, virtual asset exchanges, banks etc.
2018-9-14 16:30 | |
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Saudi Arabia is more open to the blockchain technology as the National Commercial Bank joined RippleNet and the Saudi British Bank joined R3’s blockchain consortium.
2018-9-14 16:06 | |
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For the last ten years the Kingdom of Saudi Arabia has been one of the largest sources of remittances in the world. According to the World Bank, 308 million dollars were sent into the KSA, and 37 billion dollars in remittances were sent from the country in 2016.
2018-9-15 07:28 | |
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Ripple, the enterprise blockchain solution for global payments has confirmed that The National Commercial Bank (NCB) of Saudi Arabia has joined RippleNet, which enables the bank to connect to RippleNet financial institutions around the world.
2018-9-15 07:07 | |
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BitOasis’ CEO Ola Doudin said that regulation is essential for the nascent crypto industry.
2018-8-21 18:33 | |
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The Kingdom of Saudi Arabia offered a statement from the committee dealing with foreign exchange securities banning the use of virtual currencies in the kingdom as a currency. In a turn of events around the neighboring countries, BitOasis a cryptocurrency exchange is working with regulators in Arab states to increase the overall participation in digital […]
2018-8-20 22:02 | |
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Following the statement by Saudi Arabia declaring cryptocurrency illegal, the largest crypto exchange in the Middle East and North Africa is working with regulators across the region to develop crypto regulations.
2018-8-20 16:10 | |
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Considering the popularity of Bitcoin towards the end of 2017, this year has not been one of great achievements. As the digital currency markets are experiencing consistent declines, regulatory pressures are building up in the industry and the results have mostly been negative.
2018-8-17 16:30 | |
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While Saudi Arabia proclaimed cryptocurrency trading illegal on Sunday, August 12, the Ministry of Finance in Vietnam placed a ban on importing crypto mining equipment. In addition to this, the US city of Salamanca voted anonymously for banning crypto mining within the city’s jurisdiction.
2018-8-15 15:21 | |
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Saudi Arabia’s financial watchdog, the Standing Committee for awareness on dealing in unauthorized securities has stated categorically on August 12, 2018, that cryptocurrency trading is illegal in the kingdom of Saudi Arabia.
2018-8-15 14:00 | |
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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.
2018-8-14 17:00 | |
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State officials in Saudi Arabia reissue warnings against trading and investing in cryptocurrencies. The official committee will also have the remit of notifying relevant agencies of any activity to reduce marketing exposure.
2018-8-14 16:00 | |
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Despite the country’s proactive and seemingly positive approach towards blockchain-based technologies, cryptocurrency trading remains heavily outlawed, officials reiterate. Bitcoin and Other Cryptocurrencies Are Illegal A standing committee, headed by the Capital Market Authority in Saudi Arabia and including representatives of the Ministry of Trade and Investment, the Ministry of Information, and the Saudi Arabian Monetary Agency, issued a formal statement, reaffirming the illegality of trading with Bitcoin and other cryptocurrencies.
2018-8-14 04:00 | |
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A joint committee of Saudi Arabia’s regulatory bodies has issued a statement on cryptocurrency trading. The move hopes to protect local investors from the “high risks” associated with digital asset markets.
2018-8-14 00:45 | |
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After recent drops in the price of bitcoin and other cryptocurrencies, the government's central bank felt the need to remind citizens of the risks of trading, both financial and legal.
2018-8-14 21:56 | |
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No entities or individuals are licensed to deal with Bitcoin (BTC) or altcoins, the country monetary authority warned.
2018-8-13 19:32 | |
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Off the back of a surge in trading volume within Saudi Arabia, Saudi authorities have issued a reminder to their citizens to ensure that they are all aware that cryptocurrency trading an investment is illegal.
2018-8-13 16:30 | |
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A governmental committee comprised of Saudi Arabian regulators has issued a statement warning that cryptocurrency trading is illegal in the kingdom.
2018-8-13 16:00 | |
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State officials in Saudi Arabia have reminded citizens that trading in cryptocurrency is illegal in the country. This reminder comes following the recent emergence of virtual currency trading promotions in the Arab nation.
2018-8-13 14:50 | |
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UAE bitcoin and cryptocurrency exchange BitOasis today announced that Ethereum Classic (ETC) is now available. Users across the United Arab Emirates, Saudi Arabia, Kuwait, Bahrain, and Oman can now buy, sell and trade ETC with 0% transaction.
2018-8-6 13:19 | |
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The Saudi Arabian Commission announced earlier this week it would be blocking almost fifty games following the suicides of two children. Supposedly, the two children, a 12- and 13-year-old, took their own lives after the playing the Blue Whale social media game.
2018-7-17 20:09 | |
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G20 (Group of 20) is a worldwide platform for Central Banks and Governments which includes authorities from countries all over the world. G20 membership consists of; Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom, the United States of America and the European Union.
2018-7-16 18:30 | |
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The Capital Market Authority of Saudi Arabia has approved fintech licenses for Manafa Capital and Scopeer to provide crowdfunding investment services on a trial basis, Reuters reported. This would mean that any investors could use the platforms to fund not only small enterprises but also mid-sized companies.
2018-7-13 15:59 | |
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The government of Saudi Arabia remains steadfast in its determination to rely on Distributed Ledger Technologies to strengthen the progress of its economy. On July 11, 2018, the ITP news portal reported that the municipality of Riyadh had partnered with IBM to implement a series of blockchain technologies in various administrative and economic areas.
2018-7-13 21:23 | |
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Tech giants IBM seem to be entering the blockchain industry through every door possible. As a company that has made its living through innovation at the cutting edge of technological design, IBM do need to take a hold of the blockchain and run with it.
2018-7-12 13:30 | |
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Saudi Arabia’s Capital Market Authority granted fintech licenses to two firms on a trial basis, allowing them to offer crowdfunding investment services in the country.
2018-7-12 08:50 | |
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Riyadh municipality in Saudi Arabia has partnered with IBM to jointly design a blockchain strategy to improve services in the government sector
2018-7-12 01:59 | |
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Singapore’s Chief Financial Technology Officer, Sopnendu Mohanty became the first official in the capacity of a financial regulatory body, to reiterate that ‘native tokens’ are inseparable from decentralised blockchain.
2018-7-12 22:19 | |
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In recent time, there had been an adoption of some cryptocurrencies by major banks around the world. Ripple Lab the owner of XRP cryptocurrency had been able to enjoy partnership with at least 75 banks with Bank of England, U.
2018-6-26 16:11 | |
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Ripple’s CEO, Brad Garlinghouse said that he believes that Ripple’s XRP token is not a security at the CB Insights Future of FinTech conference. He also offered three arguments to his case. The first argument presented by Brad involves the XRP Ledger.
2018-6-23 06:56 | |
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The Saudi Arabian Monetary Authority (SAMA) — the central bank for the Kingdom of Saudi Arabia (KSA) — has signed an agreement with Ripple to help banks in the KSA improve their payments infrastructure using xCurrent.
2018-6-17 12:50 | |
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Bitcoin Press Release: Sportsbet. io, the leading Bitcoin-led sportsbook, has revealed a ground-breaking new Twitch-based football show, Your Road To Glory, bringing news and views from this summer’s World Cup in Russia.
2018-6-11 06:54 | |
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The Sandbox, Nuqtah and Sandsoft have partnered to promote Web3 and metaverse adoption in Saudi Arabia and MENA region. Nuqtah will list SAND land and avatars on its NFT marketplace. Web3 adoption in Saudi Arabia is set for a significant boost after metaverse firm The Sandbox and its partner, mobile-first game developer Sandsoft, inked a […] The post The Sandbox partners with Nuqtah to boost Web3 adoption in Saudi Arabia appeared first on CoinJournal.
Animoca will develop web3 solutions and establish a hub in Saudi Arabia following the partnership with NEOM Investment Fund. Metaverse and blockchain gaming venture capital firm Animoca Brands has entered into a strategic partnership agreement with the NEOM Investment Fund,…
The kingdom is currently diversifying its economy away from oil and turning to new opportunities, such as gaming and Web3.
As the adoption of digital assets continues to grow widely, entities are following suit while aiming to use digital assets in their own way. In today’s news, the Saudi Central Bank (SAMA) unveiled its plan to experiment with central bank digital currency (CBDC) alongside local banks and fintech firms in a phase-by-phase project. According to […]
The Saudi Central Bank (SAMA) has announced its ongoing experiment with Central Bank Digital Currencies (CBDCs). SAMA is working with local banks and FinTechs to better realize the potential uses of domestic or national wholesale CBDCs.
In an interview with Cointelegraph, the hereditary prince nuanced his views on Bitcoin adoption in the Middle East and shed light on Bitcoin in Serbia.