Post
Topic
Board Tokens (Altcoins)
Re: [ANN] ADAB - First Islamic Crypto Exchange, based on the Shariah norms
by
Mr.Jovetic
on 17/08/2018, 13:43:13 UTC
Recently, there was news that regulators in Saudi Arabia banned the use of cryptocurrency! I'm very worried about it.. I hope you're doing well with the project? I would like to hear a positive answer! I look forward to your project in the future. Your plans are ambitious.
Yes, Saudi Arabia have reminded citizens that trading in cryptocurrency is illegal in the country. This reminder comes following the recent emergence of virtual currency trading promotions in the Arab nation. statement is:
"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."
For ADAB SOLUTIONS, It emerg from the same society and bear the same ethics, so no fear.

So Saudi can't use cryptocurrency at all?