Is Bitcoin legal in KSA?

are you from Saudi arabia?Let's drop your comment and location 🇸🇦

Bitcoin is legal in Saudi Arabia and there are no restrictions on individuals purchasing or spending Bitcoin. Banks, on the other hand, are banned from dealing with the cryptocurrency. The Saudi Arabian Monetary Authority has warned against Bitcoin as it is not monitored or supported by any regulatory body.

there is a bitcoin ATM in jedda saudi arabia.

#SaudiArabia #SaudiInvestor
$BTC $BNB

JUST IN: 🇰🇪 Kenya signs deal with Saudi Arabia and UAE to buy oil with Kenyan shillings instead of US dollars.

#USD #SaudiArabia

#BTC
#SaudiArabia reportedly plans to create a $40B fund to invest in #artificialintelligence .

This would make the Saudis the world's largest #investors in the sector.

And people still think $AI is in a bubble, lol.
#SHIB
@WISE CRYPTO NEWS

A Saudi-Japanese partnership in digital asset projects
Japanese financial services company SBI Holdings announced last Thursday that it had signed a memorandum of understanding with the giant Saudi oil company, Aramco, related to the possibility of joint cooperation between them in digital asset investments. The memorandum states that SBI’s agreement with the state oil company will include “cooperation in the field of digital assets and making joint investments using the investment portfolios of digital assets of both parties.”
It is mentioned here that the total value of SBI's assets amounted to $165 billion this year, and that Saudi Aramco (TADAWUL:2222) is the second largest company in the world in terms of revenues after Walmart.
It appears that the two parties will agree to identify a number of emerging Japanese crypto companies and encourage their growth and entry into the Saudi market, in addition to establishing several factories in both countries for “investment in the field of semiconductor” projects. The SBI memo also noted that “the scope of this partnership could be expanded following the agreement between the company and Aramco.”
Last October, SBI announced a separate collaboration with the Japanese government to invest 800 billion yen ($5.3 billion) to help Taiwan's Powerchip Semiconductor Manufacturing Corporation build a semiconductor factory in northeastern Japan.
#SaudiArabia

WeMade signed an MOU with Saudi Arabia's Ministry of Investment to grow the game industry and expand the blockchain base. MISA will support WeMade's activities, and WeMade plans to establish strategic partnerships with local companies. #SaudiArabia #WeMade #blockchain #gaming

🇸🇦Saudi Arabia’s Central Bank hires crypto chief

The appointment comes at a time when Saudi citizens are embracing cryptocurrencies, just like their counterparts in the region.

Saudi Arabia’s banking regulator recently appointed Mohsen Al Zahrani to head its virtual assets and central bank digital currency initiative.

Follow us for daily crypto updates and giveaways🎁

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#Bitcoin #SaudiArabia #TrendigTopic #Write2Eearn #Trending

Rising interest rates weigh on technology stocks, while energy stocks rise against the trend.😍

Unsurprisingly, tech and interest rate sensitive stocks performed the past week on the dramatic blow out in rates, and energy was the lone positive sector with oil futures up a whopping 20% from their late June lows. The combination of sticky inflationary pressures, further, oil production cuts from Saudia Arabia and OPEC+ countries, and record lows in the US's Strategic Petroleum Reserve (SPR) have fueled the move in crude, with the squeeze likely to continue in the near future.

#stock #energy #inflation #SaudiArabia #OPEC

KSA. #SaudiArabia

Exciting news! 🎉 Animoca Brands has partnered with #Saudi KACST Research Center 🤝 to bring gaming 🎮 innovation to Saudi Arabia! 🇸🇦 💥

This collaboration signifies a major leap in the gaming industry and blockchain technology 🚀, with a strong focus on growth, innovation, and mutual benefit 🔥.

But wait, that's not all! 💰 Animoca Brands and Saudi #KACST Research Center are investing 💸 a significant amount of funds into R&D 💡 to create groundbreaking blockchain gaming experiences 🎁. The exact financial numbers haven't been disclosed, but their commitment speaks volumes about their dedication and confidence in this partnership!

Get ready to embark on a gaming journey like never before! 🎉 Stay tuned for more updates on this exciting collaboration between #Animoca Brands and the Saudi KACST Research Center in Saudi Arabia! 🙌🎮 #HotTrends #SaudiArabia #newsdaily

Peace be upon you, my Muslim brothers and sisters, I am confident that this message finds you in good health. I am reaching out to you because I am facing the worst financial challenges. It is difficult to face problems when there is no one to support you. I do not have family with whom I can share my problem so that they can wipe away my tears, hug me, and help me. I can't sleep at night because of anxiety. I am afraid of the next day because the next day means a day full of problems for me like threatening phone calls from money lenders. I'm tired of giving them attention. All of Job's money goes to interest. Sometimes I go through days without eating due to lack of money. I don't know what my life will be like. So, if you are able to help or offer any advice, I would greatly appreciate it.
#SaudiArabia #UAE #BTC #qatar

#HotTrends
🇸🇦Saudi Arabia to launch $40 BILLION Artificial Intelligence fund

Saudi Arabia's government plans to create a fund of about $40 billion to invest in artificial intelligence, the New York Times reported on Tuesday, citing three people briefed on the plans. Representatives of #SaudiArabia 's Public Investment Fund (PIF) have discussed a potential partnership with U.S. venture capital firm Andreessen Horowitz and other financiers in recent weeks, the newspaper reported.
#BTC #ETH #BNBChain

Animoca Brands 🤝 NEOM Investment ⚡️On October 30th, NEOM Investment Fund of  and Web3 games producer Animoca Brands announced a new agreement to propel  growth within the area.To Know More👇https://thenewscrypto.com/animoca-brands-collaborates-with-saudis-neom/

"Reflecting on missed opportunities back in '08 when I left #SaudiArabia with $20,000 cash just before Christmas. If only I had listened to my dad in 2010 about Bitcoin at $1, I could've had 20,000 Bitcoins now valued at $1.38 billion! But let's face it, with my old habits, chaos would've ensued. Lesson learned: good habits are priceless. Money + bad habits = disaster. Money + good habits = a fulfilling life. And good habits without money? Just pure happiness. Missed out on Bitcoin at $1 due to skepticism, but it's all about learning and growing. Gratitude, humility, and trust in the journey. Let's navigate the markets together with $NFP $FET $NEAR . #Write2Earn‬ #TradeNTell" #TrendingTopic

Riyadh, Saudi Arabia — NARSUN STUDIOS has made history by becoming the First Foreign Metaverse and Gaming Studio to be selected under the Ignite Program for establishing its Studio and Academy in Saudi Arabia.

#GameFi #metaverse #SaudiArabia

Alwaleed bin Talal Al buys 1M Bitcoin in 2024, Bitcoin Stock and bitcoin price in 2024 : Bitcoin News

#BTC #SaudiArabia #cryptocrurrency #MiddleEast #BitcoinPrice2024 #etf

#AnimocaBrands Receives $50 Million Investment From NEOM , #SaudiArabia .

To support its ambitions as a forward-thinking innovation cluster, Animoca will develop Web3 service capabilities with worldwide commercial application in partnership with #NEOM .

Under the plan, Animoca will build Web3 service capabilities with global commercial applications alongside NEOM to support its aspirations as a futuristic tech hub.

A prominent name in the Web3 investment sector over a number of years, Animoca was valued at $6 billion in July 2022 with Singapore's state investment fund Temasek among its backers. The firm was targeting a raise of $2 billion for its #metaverse fund the following November, however expectations were tamped significantly after the collapse of FTX, and Animoca reduced the target to $800 million in March 2023.

Animoca is now attracting investment from state-backed funds once again in what may be a sign of a turning tide in the Web3 venture capital sector amidst broader indications of the crypto winter thawing. #vaibhavAli