Saudi Arabia’s Ban on Bitcoin is Unlikely To Last

Written by reputio | Published 2020/08/20
Tech Story Tags: cryptocurrency | crypto | regulation | saudi-arabia | saudi-arabia-and-crypto | saudi-arabia-and-bitcoin | bitcoin-adoption | good-company

TLDR Saudi Arabia’s Ban on Bitcoin is Unlikely To Last, says Capital Markets Authority Chairman Mohammed Al Kuwaiz. Chairman stated that the government officials are still gauging what regulations and limitations should be put on the cryptocurrencies, but he is certain that a ban will not likely be imposed. The country is going through many changes right now, working on its Vision 2030 agenda, developing new markets, attracting investment and attracting investment. Yet, there is a bitcoin trading company by the name of Paxful, which claims to have sold over 10,000 bitcoins in the Kingdom.via the TL;DR App
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Written by reputio | Covering disruptive stories
Published by HackerNoon on 2020/08/20
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