Category: Saudi Arabia

As of 2024, the legal and regulatory framework for cryptocurrencies in Saudi Arabia presents a complex and evolving scenario. The country’s stance on digital assets reflects a cautious approach, balancing emerging interest with regulatory oversight. The Saudi Arabian Monetary Authority (SAMA) has not recognized cryptocurrencies as legal tender, and...

The legislative landscape for cryptocurrencies in Saudi Arabia before 2023 presents a distinctive case study of a major economy’s cautious yet evolving approach towards the integration and regulation of digital currencies. As a key player in the global economy, Saudi Arabia’s stance on cryptocurrency regulation has been closely observed,...