Please note, this is a STATIC archive of website cointelegraph.com from 17 Oct 2021, cach3.com does not collect or store any user information, there is no "phishing" involved.

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.

Top News

Is Dogecoin set to follow Shiba Inu’s (SHIB) 400% breakout?

'Much ow' ahead? Dogecoin chart fractal puts Shiba Inu's 390% QTD rally in danger

Shiba Inu rebounds 40% despite major selling by SHIB whales

One currency to rule them all: Facebook’s Diem has global ambitions

Shiba Inu is now a top-20 cryptocurrency with SHIB price soaring 300% in 9 days

The United Arab Emirates and Saudi Arabia announced an agreement to cooperate on the creation of a cryptocurrency.

United Arab Emirates and Saudi Arabia Collaborate on New Cryptocurrency

Adrian Zmudzinski

2019-01-20T11:02:00+00:00

18115

Officials have confirmed the country’s FASAH trade platform was linked with TradeLens.

Saudi Arabia Completes IBM TradeLens Pilot for Cross-Border Blockchain Trade

2019-01-02T12:56:00+00:00

9648

The United Arab Emirates and Saudi Arabia are jointly developing a digital currency meant for interbank transactions.

UAE Central Bank, Saudi Arabia to Develop Joint Cryptocurrency for Interbank Transactions

Adrian Zmudzinski

2018-12-12T12:19:00+00:00

7553

A Saudi-based development bank subsidiary will develop various blockchain products for the Islamic banking sector.

Islamic Financial Institution Partners With Startup to Develop Interbank Blockchain Tools

2018-12-03T09:16:00+00:00

5112

A platform which hopes to speed up the closure of house purchases through blockchain technology has been legalized by Japanese authorities.

Speeding Up Mortgage Application Times: ‘Future of Real Estate’ Gets Regulatory Approval

Connor Blenkinsop

2018-11-13T11:59:00+00:00

5963

The Saudi British Bank (SABB) has become the country’s first bank to partner with enterprise software consortium R3 on its Corda platform.

Saudi British Bank Joins Consortium R3's Global Blockchain Ecosystem

2018-09-11T17:50:00+01:00

7217

The Saudi government has warned the public that dealing with cryptocurrencies is prohibited in the country.

Saudi Regulators Warn Against Trading Cryptocurrencies, Citing ‘High Market Risks’

2018-08-13T23:49:00+01:00

10460

Iran-based ransomware that demands crypto payments will further escalate amid the current geopolitical fallout, according to Accenture’s new report.

Iranian Crypto Ransomware Threat Will Rise in Today’s Geopolitical Climate, Report Predicts

2018-08-08T13:42:00+01:00

12227