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Saudi arabia legalizes official policy to ban cryptocurrency trading. Cryptocurrencies such as bitcoin are illegal in the country. However, male family members have become increasingly more lenient recently, allowing their female family members to travel alone more frequently. There was a time when buying bitcoin was one of the most complicated processes on the internet. 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 cryptocurrencies.
Why did saudi arabia make bitcoin trading illegal? Cryptocurrencies such as bitcoin are illegal in the country. The saudi arabia expert further mentioned that the cryptocurrency is still not approved by many banks. The legality of bitcoin and other cryptocurrencies in saudi arabia is a fuzzy issue. Need a reliable bitcoin wallet?
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The short answer is yet, bitcoin is legal in saudi arabia.
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