Can I trade cryptocurrency in Saudi Arabia? Consumers can legally trade Bitcoin and other cryptocurrencies in Saudi Arabia but with no financial protections for any losses relating to the use of such cryptocurrencies. Financial institutions, like banks, are not permitted to deal with cryptocurrency, unless permitted by SAMA.
What countries is it illegal to mine crypto?
- Algeria. Algeria currently prohibits the use of cryptocurrency following the passing of a financial law in 2018 that made it illegal to buy, sell, use or hold virtual currencies.
Is there Bitcoin machine in Saudi Arabia? Cryptocurrency machine is installed at Prince Sultan Road، Jeddah، Al Zahra, Jeddah 23425, Saudi Arabia. You can buy BTC here.
Is it legal to do crypto mining? You may want to look into local regulations where you live, but for now, bitcoin mining is legal in the U.S. and most other countries, but not all U.S. states allow it.