Which cryptocurrency is legal in Saudi Arabia? Bitcoin & Cryptocurrency Trading in Saudi Arabia
Bitcoin is legal in Saudi Arabia and there are no restrictions on individuals purchasing or spending Bitcoin. Banks, on the other hand, are banned from dealing with the cryptocurrency.
Is Venezuela using crypto? The Venezuelan national cryptocurrency is based on the DASH blockchain, and has many characteristics of a CBDC. Venezuela said its minimum wage would now be 50% pegged to the national petro (PTR) cryptocurrency, according to a report from Bloomberg on Friday.
Does Kuwait allow crypto? Bitcoin & Cryptocurrency Trading in Kuwait
However, Bitcoin is legal for residents of the country as a whole. Citizens can buy and sell cryptocurrency without restrictions from supported exchanges like BitOasis and other exchanges listed above.
Is Saudi Arabia banning cryptocurrency? Saudi Arabian Regulations Affecting Digital Assets
In 2018, the government placed an outright ban on banks processing any transactions involving cryptocurrencies.