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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

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The Riyadh municipality in Saudi Arabia has partnered with IBM to design blockchain solutions to improve services in the government sector.

Riyadh Municipality Partners with IBM to Develop Blockchain for Government Services

2018-07-11T23:59:00+01:00

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It’s definitely more red than green.

Banks and Cryptocurrencies Global Evaluation: The Middle East

Christina Georgacopoulos

2018-06-14T11:21:00+01:00

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Saudi Arabia and ConsenSys hosted a smart contract and DApp-focused blockchain ‘bootcamp’ last week.

Saudi Arabian Communications Ministry Hosts ‘Blockchain Bootcamp’ With ConsenSys

2018-05-01T05:42:00+01:00

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Decentralized cryptocurrencies like Bitcoin and Ethereum have strong advantages over centralized financial systems, especially in the realm of efficient transac...

Cryptocurrencies vs. Banks: Advantage of Decentralized Financial Systems

2018-03-10T17:00:00+00:00

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The 61-bank Japanese Bank Consortium has partnered with Ripple to release an instant domestic money transferring app this fall.

Consortium Of 61 Japanese Banks To Release Instant Mobile Payment App Powered By Ripple

Molly Jane Zuckerman

2018-03-07T15:35:00+00:00

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Ripple and the Saudi Arabian Monetary Authority have announced a partnership to form a pilot program for cross-border payments with Saudi Arabian banks.

Ripple Partners With Saudi Arabian Monetary Authority To Offer Pilot Program For Banks

Molly Jane Zuckerman

2018-02-14T14:57:00+00:00

53247

The Saudi prince critical of Bitcoin is, in fact, its “poster boy,” Max Keiser has said on Russia Today.

Max Keiser: Saudi Arabia’s Bin Talal is Bitcoin ‘Poster Boy’

2017-11-10T12:30:00+00:00

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Political uncertainty in the Middle East has risen to an all-time high, with Saudi Arabia arresting the richest Arab in the world, Prince Alwaleed bin Talal.

Saudi Arabia Arrests Billionaire Prince - Could Uncertainty Boost Bitcoin?

2017-11-05T16:05:00+00:00

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