Chloe_jackson_athlete
Fri Jun 07 2024
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7 answers
1296
Is forex trading banned in Saudi Arabia?｜Overall, under the regulatory oversight of SAMA. However, traders must operate within the guidelines set forth by regulatory authorities to ensure compliance with the law and Islamic finance principles.forex trading is legal in Saudi Arabia
Could you please clarify the status of forex trading in Saudi Arabia? I've heard conflicting information about whether it's banned or not. If it's legal, what are the specific regulations and guidelines that traders need to follow to ensure compliance with the law and Islamic finance principles? Also, who is responsible for the regulatory oversight of forex trading in Saudi Arabia? Thank you for your assistance in clarifying this matter.
Nicola
Fri Jun 07 2024
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6 answers
1704
Which app is not allowed in Saudi Arabia?｜Saudi Arabia has implemented a list of apps and websites that are banned within its borders for various reasons. Among these are popular voice over internet protocol (VoIP) communication apps like .WhatsApp, Facetime, Telegram , Viber, and IMO
Could you please elaborate on the reasons behind Saudi Arabia's ban on certain apps and websites? Do these restrictions extend to the use of VPNs or other methods to access these platforms? Are there any consequences for individuals caught using these banned applications within Saudi Arabia? Additionally, is there a specific list of apps and websites that are officially banned, and where can I find it? Finally, do these bans apply to foreigners visiting Saudi Arabia as well, or are they solely targeted at Saudi citizens?
CryptoDynastyLord
Fri Jun 07 2024
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6 answers
1044
Is cryptocurrency legal in Saudi Arabia?｜. In 2018, the government restricted banks from assisting with any cryptocurrency-related transactions. Authorities have repeatedly stated that people who trade cryptocurrencies have no financial protections and could be risking their investments.Crypto has quasi-legal status in Saudi Arabia
Is cryptocurrency legal in Saudi Arabia? This question remains somewhat ambiguous given the country's evolving regulatory stance. In 2018, the Saudi government imposed restrictions on banks, prohibiting them from facilitating any transactions related to cryptocurrencies. Authorities have consistently warned individuals engaged in crypto trading that they do not enjoy any form of financial protection and could potentially be jeopardizing their investments. Despite these restrictions, cryptocurrency maintains a quasi-legal status in Saudi Arabia, leaving the legality of crypto activities in a grey area. Does this mean that crypto is completely banned? Or are there specific loopholes or exemptions that allow for limited crypto transactions? The answers to these questions remain elusive, reflecting the complexity and evolving nature of Saudi Arabia's cryptocurrency regulations.
Sara
Fri Jun 07 2024
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5 answers
1172
Is crypto allowed in Saudi Arabia?｜Cryptocurrencies in Saudi Arabia are in a legal gray area. The government banned banks from processing crypto transactions, deeming trading in cryptocurrencies as illegal and risky. However, there are no specific legal penalties for individuals engaging in digital asset trading.
Is cryptocurrency permitted in Saudi Arabia? I've heard conflicting information about its legality in the Kingdom. Cryptocurrencies seem to occupy a rather ambiguous legal space in Saudi Arabia. I understand that the government has prohibited banks from facilitating transactions involving cryptocurrencies, effectively declaring such trading as both illegal and highly risky. Nevertheless, I'm curious as to whether there are any specific legal sanctions imposed on individuals engaging in the trading of digital assets? Could you clarify the current legal status of cryptocurrencies in Saudi Arabia?
CryptoVanguard
Fri Jun 07 2024
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7 answers
1210
Can you use crypto in Saudi Arabia?｜. In 2018, the government restricted banks from assisting with any cryptocurrency-related transactions. Authorities have repeatedly stated that people who trade cryptocurrencies have no financial protections and could be risking their investments. Crypto has quasi- legal status in Saudi Arabia
Could you elaborate on the legal status of cryptocurrency in Saudi Arabia? I understand that banks are restricted from facilitating crypto-related transactions, but what does "quasi-legal status" actually mean? Does this indicate that cryptocurrency trading is neither fully legal nor illegal? If so, how do individuals in Saudi Arabia navigate this grey area? Additionally, could you provide any insights into the potential risks involved in investing in cryptocurrencies despite the lack of financial protections?
