Saudi Arabia Plans to Launch Own Crypto in 2019

[liam111]

Yeah, it is a pretty great news! I think that Arabian people can bring a great value to the cryptocurrencies. It is also will become more popular at the east!

[Tosin12]

Firstly the news of Saudi Arabia launching own crypto is a good news and I'm confident they will succeed if they can launch their own Blockchain having their own coin backed by gold as Saudi Arabia is known for their due process meaning there will be no stone left unturned to achieve their goals

[bhadz]

I think this will be different from what happened to Venezuelan own backed up crypto which is Petro coin. It's good to see that UAE and Saudi Arabia is going to have its collaboration for this coin.
If this coin is going to work perfectly it's going to create new reputation for the market on what crypto's are.

[leubirechat]

I think now it makes no sense to sell something

[Matthewmorris4]

in my opinion, if crypto has a connection with the Central Bank, all efforts to make it happen will be in vain. Because crypto is not basically designed by that, but as long as it has an effort to reduce the risk of crypto, I also agree. Now we monitor their progress in collaborating with banks and crypto

[ifightformerkel]

I think there is no point in these coins and the new cryptocurrency, since we don't need so many coins. Makes sense with only a few coins in the different tokens which are used for any purpose.

[zedaq]

On the one hand, this is normal, but I think that in this case it will lead to the fact that people will be subject to constant surveillance as it is done today in many countries of the world. Therefore, I think that all this will definitely have to show the desire of citizens no more.