Category: Saudi Arabia

Cryptocurrency Legislation Landscape in Saudi Arabia: 2024 Overview

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...
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Navigating the Cryptocurrency Legal Framework in Saudi Arabia Before 2023

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,...
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