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Saudi arabian officials are working on the country's bitcoin policy, according to a top regulator. Banks, on the other hand, are banned from dealing with the cryptocurrency. The committee affirms that virtual currencies, including but not limited to bitcoin, are illegal in the kingdom and that no parties or individuals are permitted to engage in such. Rain, whose digital platform and custodian services allow people to buy, sell and store digital currency in a secure environment. For the moment at least, most countries are allowing.
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Buy and sell bitcoins near you. Saudi arabia bans crypto currencies according to a statement by the saudi arabian financial supervisory author. November 18, 2020, 11:03:20 pm. Cryptocurrencies such as bitcoin are illegal in the country. Bitcoin is legal in saudi arabia and there are no restrictions on individuals purchasing or spending bitcoin.
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Saudi arabian monetary agency has issued a formal statement stating that cryptocurrency trading is illegal in the country.
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