Alessandra
Sun Jun 09 2024
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7 answers
1410
Does Saudi Arabia accept cryptocurrency?｜The Kingdom of Saudi Arabia's (المملكة العربية السعودية) stance on Bitcoin and cryptocurrencies, stated through its monetary authority, the Saudi Arabian Monetary Authority (SAMA), is that , and dealing with it is risky.cryptocurrencies are not supported within the Kingdom
Does Saudi Arabia officially accept the use of cryptocurrency? Given that the Saudi Arabian Monetary Authority, SAMA, has expressed its position on Bitcoin and other cryptocurrencies, stating that these digital currencies are unsupported and dealing with them poses risks within the Kingdom. It seems that Saudi Arabia does not embrace cryptocurrency, but I'm still curious to know if there are any exceptions or particular instances where cryptocurrency transactions are allowed?
