Saudi Arabia

Crypto Exchange With No Trading Fees to Launch in Middle East

Announced on Thursday, the Fasset Exchange (FEX) is open for private beta enrollment and is planning a public launch later this year.

News  ·  24 September 2020

Saudi Arabia Pitches Blockchain-Based Business Passport to Boost Trade Finance

The passport would help businesses cut through redundant red tape and flourish across borders, Saudis said.

Policy & regulation  ·  3 September 2020
MakerDAO

What the Stock Market’s ‘Robinhood Rally’ Means for Bitcoin

The largest 50-day rally in stock market history and even shares of bankrupt companies are up more than 100%. What is going on?

People  ·  9 June 2020
Bitcoin

Despite Bitcoin Price Dips, Crypto Is a Safe Haven in the Middle East

Bitcoin fell 40 percent this week from coronavirus shocks, but it's still seen as a safe haven in the Middle East.

Policy & regulation  ·  13 March 2020
Bitcoin

Why Energy Experts Are Watching Crypto as Oil Wars Emerge

Energy experts say incumbents are complacent about the dominance of the U.S. dollar in oil markets while China and Russia may try to force change.

Policy & regulation  ·  11 March 2020
Bitcoin

What the Oil Market Says About Bitcoin’s ‘Safe Haven’ Status

“I don’t think any asset is safe right now – except cash, U.S. dollars.”

News  ·  9 March 2020
Investments

One of World’s Richest Firms Joins Blockchain Trade Platform Vakt After $5M Investment

Oil-giant subsidiary Saudi Aramco Energy Ventures has made a $5 million investment in Vakt, a commodities post-trade processing platform built with blockchain tech.

Business  ·  28 January 2020
Ethereum

Ethereum Leaders Are Slowly Courting Persian Gulf Royals and Investors

The Ethereum Foundation and ConsenSys are both working to bring blockchain technology to the Middle East.

Markets  ·  2 July 2019
Banking

Saudi Arabia, UAE Aim to Cut Payments Costs With Common Digital Currency

Saudi Arabia and the United Arab Emirates are hoping a shared digital currency can cut remittance costs between the two countries.

Policy & regulation  ·  29 January 2019
Regulation

Bitcoin Trading Is Illegal in Saudi Arabia, Warn Watchdogs

A governmental committee comprised of Saudi Arabian regulators has issued a statement warning that cryptocurrency trading is illegal in the kingdom.

Policy & regulation  ·  13 August 2018
Ripple

Saudi Central Bank to Test Ripple Payments Tech

Ripple has struck a deal with Saudi Arabia's central bank on a pilot program that will see banks in the country trial the company's tech.

Business  ·  14 February 2018
Payments

Saudi, UAE Central Banks Team Up to Test Cryptocurrency

The central banks of the United Arab Emirates and Saudi Arabia are reportedly testing a new cryptocurrency for cross-border payments.

Policy & regulation  ·  13 December 2017
Bitcoin

Saudi Prince Al-Waleed: Bitcoin Is ‘Going to Implode’

A senior member of the Saudi royal family struck a critical tone about bitcoin during a media appearance today.

Markets  ·  23 October 2017