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Author Topic: SAUDI Arabia has banned the trading of cryptocurrencies..  (Read 206 times)
popcorn1 (OP)
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August 14, 2018, 04:48:03 AM
 #1

https://www.express.co.uk/news/world/1002951/bitcoin-news-saudi-arabia-cryptocurrency-ban..

Saudi Arabian Regulators Reiterate Ban on Cryptocurrency Trading
A joint committee of Saudi Arabia’s regulatory bodies has issued a statement ... or individuals exempt from such a ban by way of licensing.The speculative nature of cryptocurrency investments was also ...

Might end up in chop chop square   if caught trading bitcoin  Cheesy..
I suppose bitcoin needs to prove it's SAFE   oh look another scam for bitcoin..


Bitcoin Fraud Scam Hits Yavapai County
Yavapai County Sheriff’s Office has received several calls over the past few weeks regarding a scam extorting ‘bitcoin’ from victims based on a threat to expose alleged viewing of pornography sites. N...


INVESTIGATORS LOOKING AT MORE SUSPECTS IN BT800M BITCOIN SCAM
THAI INVESTIGATORS have widened their probe into the alleged Bt800-million bitcoin investment scam and are looking at more suspects after a Finnish bitcoin-owner was lured into transferring the crypto...


Thai Bitcoin Scam Fleeces Finish Investor of $35 Million, Used Dragon Coin as Bait & Involved Famous Thai Actor
Aarni Otava Saarimaa, a 22 year old crypto investor based in Finland, used to be crypto rich. Today, …

All this week   i wonder how much next week?  ..I will let you all know   see i thinks bitcoin will hit a low of 2k to 3k very very soon ..
Just be safe   so many scams and the fact the POLICE couldn't keep up with them   be   SAFE INVEST ONLY WHAT YOU CAN AFFORD TO LOSE ..

Best thing to do is wait or bail and buy back when it's 2 times lower ..So many scams in the crypto space false promises ..

Crypto scams all beginners should be aware of
the crypto scene is full of users trying to scam you out of your hard earned life savings ... Public sale is too long It’s better to raise 100% of $15 USD than 50% of $50 million USD. I’m not a fan of ..

Best thing to do    wait for the real drop and don't be fooled by internet news    pump and dump scams even by internet news   they lie to you so you buy..

Also never buy off  people who give you a quote BUY   smart  and save yourself loads of cash    if your rich then yes buy what ever your rich..

But don't be fooled    learn the way of the crypto smart buyer Wink..And now is not the time   because no one got any real world use YET ..
someone will but who is the answer   ..Do your homework  and what out the sammers are about..

The_Tick
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August 14, 2018, 08:42:41 AM
 #2

It's so hard to read your posts with no punctuation. I take it that you just listed headlines from the past week with Bitcoin in the title. The title of the thread is about the ban in Saudi Arabia, but you're mostly talking about scams.

I'm still confused by countries banning cryptocurrencies. How do they expect to enforces these laws? Even if they somehow do a huge crackdown on crypto, Saudi's could just go to the UAE to do their transactions. They have freedom of movement. I don't see what would stop them.

The threat of exposing viewing porn sites is a pretty funny one. Why are people so scared about that?
Guard225
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August 14, 2018, 10:55:41 AM
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Who cares about Sauds, they're only rich because of their natural resources, otherwise, they're mostly in middle-ages when it comes to culture.
merchantofzeny
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August 14, 2018, 03:21:45 PM
 #4

It's so hard to read your posts with no punctuation. I take it that you just listed headlines from the past week with Bitcoin in the title. The title of the thread is about the ban in Saudi Arabia, but you're mostly talking about scams.

I'm still confused by countries banning cryptocurrencies. How do they expect to enforces these laws? Even if they somehow do a huge crackdown on crypto, Saudi's could just go to the UAE to do their transactions. They have freedom of movement. I don't see what would stop them.

The threat of exposing viewing porn sites is a pretty funny one. Why are people so scared about that?

You'd eventually get used to popcorn. I think what he's trying to say is that the ban in Saudi Arabia is a result of that huge scam involving the Finnish guy. I don't know all the details of the scam but if he knows that it's in Thailand he should have been wary. There are even "Likes" farms in there.
hugeblack
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August 14, 2018, 06:36:18 PM
Last edit: August 17, 2018, 11:22:13 AM by hugeblack
 #5

I do not think this news is correct, but a misunderstanding of the report [1] "Arabic language" [2] "translated one."

I think the report is talking about
" Bitcoin is not considered a certified currency in the Kingdom, and therefore the allegations "that is a certified currency" in the Kingdom is incorrect. "
But there is no explicit reference to banning or illegally.

[1] http://www.sama.gov.sa/ar-sa/News/Pages/news12082018.aspx
[2] http://www.sama.gov.sa/en-US/News/Pages/news12082018.aspx

Who cares about Saudis, they're only rich because of their natural resources. Otherwise, they're mostly in middle-ages when it comes to culture.
There are many Saudis outside the Kingdom, who are investing millions of dollars in bitcoin.
Cryptomilz
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August 14, 2018, 07:15:50 PM
 #6

FUD and more FUD.. Anything to crash the price of BTC even further.
Kenneth_Bianchi
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August 14, 2018, 08:28:52 PM
 #7

FUD and more FUD.. Anything to crash the price of BTC even further.

Again and again. There was something about Indonesia a while back too "making bitcoin illegal" when in fact it was just declaring that the Indonesian Rupiah was the official money. Gee, what a surprise.

All this bad news and not a blink. Seems like the market just doesn't give a shit anymore. It didn't react to positive news about Starbucks and those other capitalist whores getting behind Bitcoin, and now it's not reacting to frauds, scams, "bans", or whatever. Must be getting old or something.
KingScorpio
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August 14, 2018, 09:48:01 PM
 #8

https://www.express.co.uk/news/world/1002951/bitcoin-news-saudi-arabia-cryptocurrency-ban..

Saudi Arabian Regulators Reiterate Ban on Cryptocurrency Trading
A joint committee of Saudi Arabia’s regulatory bodies has issued a statement ... or individuals exempt from such a ban by way of licensing.The speculative nature of cryptocurrency investments was also ...

Might end up in chop chop square   if caught trading bitcoin  Cheesy..
I suppose bitcoin needs to prove it's SAFE   oh look another scam for bitcoin..


Bitcoin Fraud Scam Hits Yavapai County
Yavapai County Sheriff’s Office has received several calls over the past few weeks regarding a scam extorting ‘bitcoin’ from victims based on a threat to expose alleged viewing of pornography sites. N...


INVESTIGATORS LOOKING AT MORE SUSPECTS IN BT800M BITCOIN SCAM
THAI INVESTIGATORS have widened their probe into the alleged Bt800-million bitcoin investment scam and are looking at more suspects after a Finnish bitcoin-owner was lured into transferring the crypto...


Thai Bitcoin Scam Fleeces Finish Investor of $35 Million, Used Dragon Coin as Bait & Involved Famous Thai Actor
Aarni Otava Saarimaa, a 22 year old crypto investor based in Finland, used to be crypto rich. Today, …

All this week   i wonder how much next week?  ..I will let you all know   see i thinks bitcoin will hit a low of 2k to 3k very very soon ..
Just be safe   so many scams and the fact the POLICE couldn't keep up with them   be   SAFE INVEST ONLY WHAT YOU CAN AFFORD TO LOSE ..

Best thing to do is wait or bail and buy back when it's 2 times lower ..So many scams in the crypto space false promises ..

Crypto scams all beginners should be aware of
the crypto scene is full of users trying to scam you out of your hard earned life savings ... Public sale is too long It’s better to raise 100% of $15 USD than 50% of $50 million USD. I’m not a fan of ..

Best thing to do    wait for the real drop and don't be fooled by internet news    pump and dump scams even by internet news   they lie to you so you buy..

Also never buy off  people who give you a quote BUY   smart  and save yourself loads of cash    if your rich then yes buy what ever your rich..

But don't be fooled    learn the way of the crypto smart buyer Wink..And now is not the time   because no one got any real world use YET ..
someone will but who is the answer   ..Do your homework  and what out the sammers are about..



lol,

in the long term saudi tribe can't do anything about that,

they should read their own religion, it is allahs will to divide the muslims over and over into 77 pieces and of all those pieces only 1 that most believes into him (allah) gets to paradise/holding power. its the saudi tribe that tries to create some form of communist state. to abuse immigrants as money earning cattle but that wont work well, its actually against god/(allah)

but we dont have to explain it that way to them.

regards

popcorn1 (OP)
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August 14, 2018, 09:57:32 PM
 #9

FUD and more FUD.. Anything to crash the price of BTC even further.
No  did I crash the market when bitcoin was 20k      then the drop to 8k? ..

I am just telling people the truth..Like this for TRUTH    and are you saying I am wrong?..  So lets begin Wink..
If bitcoin wants no government backing I.E decentralised   then why do so many cash out for GOVERNMENT BACKED     PAPER?..

when LAMBO?  so how do you buy a lambo without cashing out  into paper monies or digits on bank a screen remember all government backed ..

So what your saying is    you don't want no governments involved BECAUSE they have rules  BUT when you have made enough I.E  you buy bitcoin when it goes up you cash out for GOVERNMENT backed paper or digits on a bank screen digits   ..So explain  how do you get bitcoin to become a currency ?..
Remember your government gives you no backing..

I would love the GOVERNMENTS to say  if you get involved with bitcoin OR crypto currencies then if you lose your monies we will do NOTHING about it   not one thing..
So use it at your own risk..  NOW if no government gets involved even if your robbed    then lets see how this game playes out..

REMEMBER  your also doing it because of no tax payments to some     so easy to get away without paying taxes  amongst other stuff..


Now you buy bitcoin at 6k ?   what will you do if it goes to 20k   will you then cash out  using government backed paper or digits ?   BECAUSE if you cash out then you are a TOTAL LIAR   remember you don't want  GOVERNMENTS INVOLVED   ..No central body   just wild wild west deals and thieving and hacking  of all kinds ..

So why are you WORRIED about  bitcoins price?   and also why do you have bitcoin tied to government backed paper?..
Remember many many say when LAMBO   so how many car lambo dealers   that take bitcoin only?..And will the lambo dealer   just keep the bitcoin OR will he cash out
USING paper backed government monies or bank digits ?  THEN YOU ARE ALLL     HYPOCRITES ..bitcoin will be currency  but then cash out for government backed monies

And this is how stupid some of you are..  SO  when LAMBO Cheesy Cheesy...I bet some have lost a mansion Cheesy ..

You are trading bitcoin YES or NO?     so if you make loads of bitcoin  are you just keeping the bitcoin or cashing out for government backed monies?..
Now if your rich  OR  you already cashed out making you rich off using crypto then cashing out and still having crypto ..

So in other words    you got rich of a high price crypto that you paid cheap for  THEN cashed out for government backed monies  making you government backed rich
BUT also still have plenty of crypto left to try and promote using bitcoin as a currency only  THEN YOU NEED TO BE SHOT     YOU ASS HOLE..

See you made your government backed monies bought what you wanted then bang on about how bitcoin will change the world YES IT WILL   for the worse ..

SO  DON'T  BE FOOLED  BY THE   PYRAMID GAME..  you start from the bottom and never get to the top..the pyramid game ..
At least with currency anyone can make billions     why because loads of cash about   not with bitcoin   plus how many will pay taxes for pensions police army?..

Your bonkers  for thinking crypto can become a currency without it being government backed..



popcorn1 (OP)
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August 14, 2018, 09:58:30 PM
 #10

https://www.express.co.uk/news/world/1002951/bitcoin-news-saudi-arabia-cryptocurrency-ban..

Saudi Arabian Regulators Reiterate Ban on Cryptocurrency Trading
A joint committee of Saudi Arabia’s regulatory bodies has issued a statement ... or individuals exempt from such a ban by way of licensing.The speculative nature of cryptocurrency investments was also ...

Might end up in chop chop square   if caught trading bitcoin  Cheesy..
I suppose bitcoin needs to prove it's SAFE   oh look another scam for bitcoin..


Bitcoin Fraud Scam Hits Yavapai County
Yavapai County Sheriff’s Office has received several calls over the past few weeks regarding a scam extorting ‘bitcoin’ from victims based on a threat to expose alleged viewing of pornography sites. N...


INVESTIGATORS LOOKING AT MORE SUSPECTS IN BT800M BITCOIN SCAM
THAI INVESTIGATORS have widened their probe into the alleged Bt800-million bitcoin investment scam and are looking at more suspects after a Finnish bitcoin-owner was lured into transferring the crypto...


Thai Bitcoin Scam Fleeces Finish Investor of $35 Million, Used Dragon Coin as Bait & Involved Famous Thai Actor
Aarni Otava Saarimaa, a 22 year old crypto investor based in Finland, used to be crypto rich. Today, …

All this week   i wonder how much next week?  ..I will let you all know   see i thinks bitcoin will hit a low of 2k to 3k very very soon ..
Just be safe   so many scams and the fact the POLICE couldn't keep up with them   be   SAFE INVEST ONLY WHAT YOU CAN AFFORD TO LOSE ..

Best thing to do is wait or bail and buy back when it's 2 times lower ..So many scams in the crypto space false promises ..

Crypto scams all beginners should be aware of
the crypto scene is full of users trying to scam you out of your hard earned life savings ... Public sale is too long It’s better to raise 100% of $15 USD than 50% of $50 million USD. I’m not a fan of ..

Best thing to do    wait for the real drop and don't be fooled by internet news    pump and dump scams even by internet news   they lie to you so you buy..

Also never buy off  people who give you a quote BUY   smart  and save yourself loads of cash    if your rich then yes buy what ever your rich..

But don't be fooled    learn the way of the crypto smart buyer Wink..And now is not the time   because no one got any real world use YET ..
someone will but who is the answer   ..Do your homework  and what out the sammers are about..



lol,

in the long term saudi tribe can't do anything about that,

they should read their own religion, it is allahs will to divide the muslims over and over into 77 pieces and of all those pieces only 1 that most believes into him (allah) gets to paradise/holding power. its the saudi tribe that tries to create some form of communist state. to abuse immigrants as money earning cattle but that wont work well, its actually against god/(allah)

but we dont have to explain it that way to them.

regards
Funny how  everyone licks Saudi butts for monies   ASK CANADA Cheesy..
oH AND REMEMBER..  you wait for the rise to cash out for paper monies or digits on a screen   that the Saudi  have so much of..You lick Saudi butt holes ..
Well the british POLITICIANS DO ANYWAYS Cheesy   ASS LICKS   THEY ARE   FOR THE MONIES..
popcorn1 (OP)
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August 14, 2018, 10:10:43 PM
 #11

Bitcoin latest: Saudi Arabi bans cryptocurrency in major ...
https://www.express.co.uk/news/world/1002951/bitcoin-news-saudi...
1 day ago · SAUDI Arabia has banned the trading of cryptocurrencies like bitcoin in the kingdom as the government launched a major crackdown, warning against the 'illusion and …


WHAT IS THE RIGHT NEWS Undecided..

Saudi Arabia Unlikely To Ban Bitcoin - Crypto Trader News
https://cryptotradernews.com/.../saudi-arabia-unlikely-to-ban-bitcoin

Saudi Arabia Unlikely To Ban Bitcoin. Fedor Selivanov/Shutterstock Saudi Arabian officials are working on the country's bitcoin policy, according to a top regulator. A ban on cryptocurrencies is not likely. Regulators around the world are taking a closer look at cryptocurrencies.

who is fake news..

Saudi Arabia declares bitcoin trading illegal
Saudi Arabia has officially declared that trading in digital currencies such as bitcoin is illegal in the country. A standing committee comprising of Saudi Arabian regulators this stated that “the una..   Rachel9hrs  ago..


Bitcoin needs rules  BUT you want decentralised   until you get robbed Cheesy Cheesy  then you cry like little girls to your government ..I would tell you to fuck off..
You wanted us to have no involvment    so deal with it yourself..
Michelle_Wood
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August 14, 2018, 10:14:26 PM
 #12

I agree with people who say that it is impossible to ban ideas. The cryptocurrencies are ideas to rebuild the world. For sure, governments do not like it. It is no wonder to learn that Saudi Arabia has banned the trading of cryptocurrencies. In that country, women have no rights. Moreover, they even cannot drive. Actually, the government is looking for ways to improve women capacities. It is logic than to see them ban cryptos. Everything they are afraid of has to be banned. People can do transactions in other countries or even online. You can ban in one country, but how do you ban transactions on the net?
KingScorpio
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August 14, 2018, 10:25:10 PM
 #13

https://www.express.co.uk/news/world/1002951/bitcoin-news-saudi-arabia-cryptocurrency-ban..

Saudi Arabian Regulators Reiterate Ban on Cryptocurrency Trading
A joint committee of Saudi Arabia’s regulatory bodies has issued a statement ... or individuals exempt from such a ban by way of licensing.The speculative nature of cryptocurrency investments was also ...

Might end up in chop chop square   if caught trading bitcoin  Cheesy..
I suppose bitcoin needs to prove it's SAFE   oh look another scam for bitcoin..


Bitcoin Fraud Scam Hits Yavapai County
Yavapai County Sheriff’s Office has received several calls over the past few weeks regarding a scam extorting ‘bitcoin’ from victims based on a threat to expose alleged viewing of pornography sites. N...


INVESTIGATORS LOOKING AT MORE SUSPECTS IN BT800M BITCOIN SCAM
THAI INVESTIGATORS have widened their probe into the alleged Bt800-million bitcoin investment scam and are looking at more suspects after a Finnish bitcoin-owner was lured into transferring the crypto...


Thai Bitcoin Scam Fleeces Finish Investor of $35 Million, Used Dragon Coin as Bait & Involved Famous Thai Actor
Aarni Otava Saarimaa, a 22 year old crypto investor based in Finland, used to be crypto rich. Today, …

All this week   i wonder how much next week?  ..I will let you all know   see i thinks bitcoin will hit a low of 2k to 3k very very soon ..
Just be safe   so many scams and the fact the POLICE couldn't keep up with them   be   SAFE INVEST ONLY WHAT YOU CAN AFFORD TO LOSE ..

Best thing to do is wait or bail and buy back when it's 2 times lower ..So many scams in the crypto space false promises ..

Crypto scams all beginners should be aware of
the crypto scene is full of users trying to scam you out of your hard earned life savings ... Public sale is too long It’s better to raise 100% of $15 USD than 50% of $50 million USD. I’m not a fan of ..

Best thing to do    wait for the real drop and don't be fooled by internet news    pump and dump scams even by internet news   they lie to you so you buy..

Also never buy off  people who give you a quote BUY   smart  and save yourself loads of cash    if your rich then yes buy what ever your rich..

But don't be fooled    learn the way of the crypto smart buyer Wink..And now is not the time   because no one got any real world use YET ..
someone will but who is the answer   ..Do your homework  and what out the sammers are about..


lol,

in the long term saudi tribe can't do anything about that,

they should read their own religion, it is allahs will to divide the muslims over and over into 77 pieces and of all those pieces only 1 that most believes into him (allah) gets to paradise/holding power. its the saudi tribe that tries to create some form of communist state, and place its tribe into power running the countries financial system. to abuse immigrants as money earning cattle but that wont work well, its actually against god/(allah)

but we dont have to explain it that obvious to them.

regards

KingScorpio
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August 14, 2018, 10:28:24 PM
 #14

I agree with people who say that it is impossible to ban ideas. The cryptocurrencies are ideas to rebuild the world. For sure, governments do not like it. It is no wonder to learn that Saudi Arabia has banned the trading of cryptocurrencies. In that country, women have no rights. Moreover, they even cannot drive. Actually, the government is looking for ways to improve women capacities. It is logic than to see them ban cryptos. Everything they are afraid of has to be banned. People can do transactions in other countries or even online. You can ban in one country, but how do you ban transactions on the net?

cryptocurrencies are needed to decentralise the power, we cant do a form of metalism in an urbanised society that has a high population density.

nevertheless the current state of the market is broken

popcorn1 (OP)
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August 14, 2018, 10:28:39 PM
 #15

Imagine 1 country makes bitcoin their currency   do you know what will happen?..

Imagine you have a house for sale in your country   imagine little billy with 1 million bitcoin that he bought for 500 dollars  ?  he can offer  3 times more for that house than anyone else will  WHY  because billy only paid 10p per bitcoin   SO if 1 bitcoin was 250k dollars   it really only cost billy 30p to offer 750k for the home..

NOW imagine your whole city  little billy could buy your whole country for 200 pounds  making him the ruler of your country Shocked Shocked..
If you own all the land you own the country    now with bitcoin already people who have many many millions of bitcoin that they paid peanuts for ..


It makes no difference to me if I only payed 1p per bitcoin    it's what I payed for them that counts  not what you pay for them but I ..

Well you could be paying 250k  for 1   when I payed 1p for one..
So I say bitcoin will never ever become a countries currency  not unless your crazy or have nothing left to turn too  because your country has dictators ..

the only way it works if we all get   10k free tokens by making sure it's one person per claim  ..UNIVERSAL INCOME ..
plus you must give every notice of 4 years to get ready to claim   meaning we all get a fair starting point to live ..

To many people with massive amounts of bitcoin who will own everything while we beg for their scraps  SO FUCK OFF   you greedy fucks will never run my life..

popcorn1 (OP)
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August 14, 2018, 10:29:44 PM
 #16

I agree with people who say that it is impossible to ban ideas. The cryptocurrencies are ideas to rebuild the world. For sure, governments do not like it. It is no wonder to learn that Saudi Arabia has banned the trading of cryptocurrencies. In that country, women have no rights. Moreover, they even cannot drive. Actually, the government is looking for ways to improve women capacities. It is logic than to see them ban cryptos. Everything they are afraid of has to be banned. People can do transactions in other countries or even online. You can ban in one country, but how do you ban transactions on the net?
My ideas   the government would love it and so would everyone Grin..
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August 14, 2018, 10:51:59 PM
 #17

Saudi Arabia is a muslim country where alcohol is banned, where a woman cannot wear a skirt, and where changing religion is punished by death.

You can't expect a country like that to accept cryptos...

I used to be a citizen and a taxpayer. Those days are long gone.
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August 15, 2018, 09:18:15 AM
 #18

I do not think this news is correct, but a misunderstanding of the report [1] "Arabic language" [2] "translated one".

I think the report is talking about
" Bitcoin is not considered a certified currency in the Kingdom, and therefore the allegations "that is a certified currency" in the Kingdom is incorrect. "
But there is no explicit reference to banning or illegally

[1] http://www.sama.gov.sa/ar-sa/News/Pages/news12082018.aspx
[2] http://www.sama.gov.sa/en-US/News/Pages/news12082018.aspx

Who cares about Sauds, they're only rich because of their natural resources, otherwise, they're mostly in middle-ages when it comes to culture.
There are many Saudis outside the Kingdom, who are investing millions of dollars in bitcoin
Thanks for doing some research. Do you actually speak Arabic? The English version you linked to does specifically refer to the legality of it:
Quote
The committee assured that virtual currency including, for example but not limited to, the Bitcoins are illegal in the kingdom and no parties or individuals are licensed for such practices.
You seem to be right though. I used Google Translate on the Arabic article and it doesn't seem to say that it's illegal. It says:
Quote
The recent virtual currencies, including but not limited to Betquin, are not considered to be approved currencies in the Kingdom.
Later, the only time it mentions legality is here:
Quote
The Standing Committee warned citizens and residents in the Kingdom of the caveats of investment and dealing in virtual currencies as it is not considered an approved currency within the Kingdom and it is not traded through authorized persons in the Kingdom in addition to the suspicion of using them as a means of illegal financial transactions and prohibited system.
Maybe the translators confused something. Of course, it's illegal to make illegal financial transactions with Bitcoin. It doesn't looks like it actually banned or illegal though. Their just warning citizens that it can be risky. I had it when news companies are lazy and spread lies due to mistranslations.
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August 21, 2018, 03:48:16 AM
 #19

I don't know what you are trust or not. Maybe there were some tricks with Bitcoin in SAUDI Arabia. As you know SAUDI is a wealthy kingdom by the natural resources. They have such huge money that they can easily invest in a major like bitcoin. Actually, I see many Saudis outside Kingdom spent money investing Bitcoin.
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August 21, 2018, 08:04:12 PM
 #20

Funny how  everyone licks Saudi butts for monies   ASK CANADA Cheesy..
oH AND REMEMBER..  you wait for the rise to cash out for paper monies or digits on a screen   that the Saudi  have so much of..You lick Saudi butt holes ..
Well the british POLITICIANS DO ANYWAYS Cheesy   ASS LICKS   THEY ARE   FOR THE MONIES..

It's called turning a blind eye while they recycle petrobonds to fuel US debt. Everyone knows it's not even worth the waste of paper printing that garbage on anymore, but someone needs to keep the American dream going.


Imagine 1 country makes bitcoin their currency   do you know what will happen?..

Imagine you have a house for sale in your country   imagine little billy with 1 million bitcoin that he bought for 500 dollars  ?  he can offer  3 times more for that house than anyone else will  WHY  because billy only paid 10p per bitcoin   SO if 1 bitcoin was 250k dollars   it really only cost billy 30p to offer 750k for the home..

NOW imagine your whole city  little billy could buy your whole country for 200 pounds  making him the ruler of your country Shocked Shocked..
If you own all the land you own the country    now with bitcoin already people who have many many millions of bitcoin that they paid peanuts for ..


It makes no difference to me if I only payed 1p per bitcoin    it's what I payed for them that counts  not what you pay for them but I ..

Well you could be paying 250k  for 1   when I payed 1p for one..
So I say bitcoin will never ever become a countries currency  not unless your crazy or have nothing left to turn too  because your country has dictators ..

the only way it works if we all get   10k free tokens by making sure it's one person per claim  ..UNIVERSAL INCOME ..
plus you must give every notice of 4 years to get ready to claim   meaning we all get a fair starting point to live ..

To many people with massive amounts of bitcoin who will own everything while we beg for their scraps  SO FUCK OFF   you greedy fucks will never run my life..



This does not follow. It doesn't matter if little billy got into crypto, usd, gold, or bonds early enough to make his millions. The fact is, he was there first, he saw the opportunity, and he acted. This makes him no different from other billionaire investors we see in the news today. It can't be blamed it on bitcoin--try to follow a thread of logic.

Oh and universal income breeds compulsive laziness and complacency. It's the worst idea since helicopter money.
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