Saudi Arabia adopts a cautious yet evolving approach to Bitcoin and cryptocurrencies. While retail trading faces warnings and banking restrictions, the kingdom explores blockchain technology, CBDC pilots, and regulatory sandboxes. This indicates a carefully managed path toward formal frameworks, prioritizing institutional engagement and compliance with AML/KYC regulations for future market participation.Saudi Arabia adopts a cautious yet evolving approach to Bitcoin and cryptocurrencies. While retail trading faces warnings and banking restrictions, the kingdom explores blockchain technology, CBDC pilots, and regulatory sandboxes. This indicates a carefully managed path toward formal frameworks, prioritizing institutional engagement and compliance with AML/KYC regulations for future market participation.
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