Saudi Arabian Regulators Reiterate Ban on Cryptocurrency Trading

A joint committee of Saudi Arabia’s regulatory bodies has issued a statement on cryptocurrency trading. The move hopes to protect local investors from the “high risks” associated with digital asset markets.
Trading Venues Falsely Advertise as Being Regulated by Saudi Arabia
The news broke via a statement posted to the Saudi Arabian Monetary Authority’s website yesterday. It claims that virtual currencies posed “high risks on traders,” as well as other unmentio