Saudi Arabia Declares Bitcoin Trading Is an Illegal Activity

Saudi Arabia Declares Bitcoin Trading Is an Illegal Activity
фото показано с : btcmanager.com

2018-8-15 14:00

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.

Bitcoin is Illegal in the Kingdom As stated in a press release by the standing committee, it is now officially against the law for citizens and residents of the Kingdom. . .

The post Saudi Arabia Declares Bitcoin Trading Is an Illegal Activity appeared first on BTCMANAGER.

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Saudi Arabia Officials Warn that Bitcoin Trading is Illegal

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