Trading in a pet or other digital currency is illegal
A new committee, headed by the Capital Market Authority of Saudi Arabia, comprising representatives of the Ministry of Commerce and Investment, the Ministry of Information and the Saudi Arabian Monetary Agency, issued an official statement reaffirming the illegality of the circulation of Betkin and other digital currencies.

The warning was issued amid a host of websites and social media accounts promoting digital currencies. According to the committee, "no party or individual is authorized to carry out such practices." Moreover, dealing with digital currencies falls outside government authority. The Commission also took the opportunity to clarify the risks associated with the circulation of these currencies and to stress that they had been used in illegal activities. It should be noted, however, that reports from a wide range of Governments around the world show otherwise.

A report on organized crime was released by the Ministry of Finance and Treasury in Hong Kong, in which the digital currency was not a threat. The Canadian Quebec provincial government also found that the use of anthrax for illicit activity had already declined. The National Crime Enforcement Agency of the United Kingdom also determined that the amount of digital currency used for illicit activity was "relatively low".

On the other hand, while the Commission has issued official warnings about the illegality of the circulation of Betkin and other digital currencies, the Kingdom itself is working on a joint venture with the United Arab Emirates concerning the issue of a digital currency for cross-border transactions. Where he stated that the planned currency would be supported by the technology of the blockin.

In addition, in February 2018, Ripple also entered into a deal with the Saudi Central Bank. The bank will reportedly benefit from its own xCurrent software to easily execute cross-border payments through full process tracking.