Places Saudi Arabia

The United Arab Emirates and its neighbor Saudi Arabia launched a government-backed cryptocurrency to facilitate cross-border payments. The launch was part of a seven-point co-operation plan that was unveiled on Jan. 20th. Apart from cryptocurrency development, the rest of the plan includes a sort of customs union, which allows Saudi and Emirati small and medium-sized enterprises […]

When it was authorized as the first established bank in Saudi Arabia, the National Commercial Bank (NCB) was slated to become the largest financial institution in the Middle East. Sixty-five years and 400 branches later, the Kingdom of Saudi Arabia (KSA) has joined forces with Ripple’s cryptocurrency enterprise. Saudi Arabia to Benefit from Ripple Technology […]

State officials in Saudi Arabia reissue warnings against trading and investing in cryptocurrencies. The official committee will also have the remit of notifying relevant agencies of any activity to reduce marketing exposure. No Trading. No Investing. In Saudi Arabia, following a series of websites and social media accounts promoting cryptocurrencies such as Bitcoin and Ethereum, […]