Coinatory

The Saudi-British Bank (SABB) became the first financial institution in the country, which joined the global blockchain consortium R3. Established in 1978, SABB is a Saudi joint stock company offering banking, commercial and investment services and has a strong reputation in the market. Thus, the magazine Global Finance magazine recognized for the tenth time in a row, as the "Best Trade Finance Bank" in Saudi Arabia, was named the best financial supply bank in the Middle East in 2018. SABB also announced by Euromoney as the "Best Bank for ... Read more about " The Saudi-British Bank joined the R3 Blockchain Consortium " on coinatory.com

Saudi Arabia has declared the cryptocurrencies outlawed, a corresponding statement was made by the committee, which includes local regulators, as well as a number of ministers. Citizens of the country warn against investments in digital assets that are characterized by high risk, as well as the possibility of uncontrolled movement of coins to unknown individuals and organizations. At the same time, the statement does not specify whether all participants in crypto deals will now be prosecuted and what punishment they will face, or the ... Read more about " Saudi Arabia outlaws cryptocurrencies " on coinatory.com