merit: 1000, amph, legendary, offline, activity: 2170, merit: 1003, mickeyb, hero Member, offline, activity: 798, merit: 1000, move On! Despite the countrys proactive and seemingly positive approach towards blockchain-based technologies, cryptocurrency trading remains heavily outlawed, officials reiterate. According to a statement issued Sunday, the standing committee warned against trading in cryptocurrencies due to negative consequences and high risks on traders as they are out of government supervision. Images courtesy of Shutterstock, the Rundown. Bitcoin and Other Cryptocurrencies Are Illegal.
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Going further, in February 2018, Ripple also landed a deal with the central bank of Saudi Arabia. According to the committee no parties or individuals are licensed for such practices. The prince further compared the worlds largest cryptocurrency by market valuation to Enron, the.S. Presa Altcoins (Monede Alternative) Anunturi Monede Alternative Skandinavisk Türkçe (Turkish) Bitcoin Haberleri Pazar Alan Madencilik Ekonomi Servisler Fonlar Proje Gelitirme Alternatif Kripto-Paralar Madencilik (Alternatif Kripto-Paralar) Duyurular (Alternatif Kripto-Paralar) Konu D Yeni Balayanlar Yardm Bulumalar Other languages/locations Sponsored by, a Bitcoin-accepting VPN. It went on to clarify: The committee assured that virtual currency including, for example but not limited to, the Bitcoins are illegal in the kingdom and no parties or individuals are licensed for such practices. Its worth noting, though, that reports from a wide range of governments across the world show otherwise. The warning was released amid a range of websites and social media accounts promoting cryptocurrencies. The committee also took the chance to outline the risks associated with cryptocurrency trading and to reiterate that they have been used for illicit activity. Member Offline Activity: 428 Merit: 250 Legendary est. Energy company that collapsed in the early 2000s after revelations of massive accounting fraud. A standing committee, headed by the Capital Market Authority in Saudi Arabia and including representatives of the Ministry of Trade and Investment, the Ministry of Information, and the Saudi Arabian Monetary Agency, issued a formal statement, reaffirming the illegality of trading with Bitcoin and other. According to a report on organized crime issued by the Financial Services and Treasury of Hong Kong, cryptocurrencies do not pose a threat.