Is Bitcoin Legal In Saudi Arabia : Saudi Arabia Regulators Not Looking to Regulate Bitcoin - Will saudi arabia eventually given in on bitcoin?. Bitcoin is legal in saudi arabia and there are no restrictions on individuals purchasing or spending bitcoin. In a statement published by the saudi arabian monetary authority (sama). The saudi arabian monetary authority has warned against bitcoin as it is not monitored or supported by any regulatory body. Purchasing bitcoins is only possible through altcoins. As of 16 january 2021, the state bank of pakistan has not authorized any individuals or organizations to carry out the sale, purchase, exchange, and investment.
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Additionally, the saudi arabian monetary authority issued a warning about cryptocurrency, declaring it as high risk without any guarantees.
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