Saudi Arabia News

The Kingdom of Saudi Arabia is a western Asian Islamic country with an area of a little more than two million square kilometers and a population of 33 million people. Saudi Arabia has a petroleum-based command economy that produces one of the largest GDPs in the world, steadily being in the top-20 countries in terms of GDP. Bitcoin is legal is Saudi Arabia. One can exchange and buy Bitcoin in Saudi Arabia. However, the financial authorities of Saudi Arabia issued a warning on Bitcoin trading and offer no protections for cryptocurrency-related losses. There are ATMs for Bitcoin in Saudi Arabia and maintained Bitcoin exchanges. The government of the country is currently liberalizing its political and economic structure, making Saudi Arabia more welcoming for foreign investments and emerging startups. The highly profitable economy may become a solid foundation for future technological development.
News
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.
Prince Philip of Serbia calms rumors of Arab country Bitcoin adoption
Joseph Hall
2022-07-22T12:21:09+01:00
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Saudi Arabia is a significant market for digital currencies with the country's favorable regulatory climate, large consumer base and increasing interest in cryp...
Survey reveals high penetration and adoption of crypto in Saudi Arabia
Arnold Kirimi
2022-07-13T14:06:24+01:00
3579
News
The BSV Association and SDA will collaborate in providing training and developing resources through the blockchain academy in Riyadh
Swiss BSV to establish blockchain academy in the Middle East
Arnold Kirimi
2022-02-07T13:51:05+00:00
3378
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The event saw friendly boxing matches between prominent crypto Twitter entrepreneurs, with RookieXBT taking the WBC Crypto Champion belt.
Crypto traders fight in WBS Dubai for Amir Khan’s charity boxing match
Arijit Sarkar
2021-10-17T10:20:00+01:00
8490
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Saudi’s biggest oil exporter denied claims of involvement in Bitcoin mining activities but continues to bet on blockchain-focused businesses.
Saudi Aramco dismisses ‘false and inaccurate’ rumors on Bitcoin mining
Arijit Sarkar
2021-08-02T11:57:58+01:00
5964
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Bahrain-based crypto exchange CoinMENA acquired a major license ahead of its launch in several countries including the UAE and Saudi Arabia.
Bahrain central bank licenses Sharia-compliant crypto exchange
Helen Partz
2021-01-25T10:11:03+00:00
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The joint report is among the most promising CBDC studies conducted by central bank authorities
UAE, Saudi Arabian central banks release report on Project Aber CBDC trial
Andrew Thurman
2020-11-29T15:42:18+00:00
12840
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The Islamic Development Bank’s research organization has partnered with Blocko to build a blockchain credit management system.
Samsung-Backed Blocko to Build Blockchain-Based Credit System for Arab Bank
Mohammad Musharraf
2020-06-16T09:57:00+01:00
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