Crypto Trading is Illegal in Saudi Arabia – But Why?


Crypto trading can change people’s lives and their finances. However, this trading is not accepted worldwide. In Saudi Arabia, for instance, the trading of virtual currencies is illegal. We were reminded of that this past weekend. 

No Crypto Trading in Saudi Arabia

On Sunday, August 12, a statement was posted by a governmental committee, one that was assembled by a royal order and composed of Saudia Arabian regulators. 

The statement didn’t provide a lot of detail, but it did meet its goal: to remind Saudi Arabians (and the world) that cryptocurrency trading is illegal …

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