Hello steemit....
A very sad news coming from Saudi Arabia... Regulators issued a statement through its monetary authority.... Cryptocurrencies such as bitcoin are illegal in the country... Citing “negative consequences” and “high risk,” the government believes it must protect subjects from themselves.
Source... https://goo.gl/images/zUsvaJ
I really feel its a very bad news for crypto market beacause Saudi Arabia already use cryptocurrency for money transfer..
In February 2018, the Central Bank of Saudi Arabia signed an agreement with Ripple to help banks in the kingdom improve payments infrastructure using xCurrent.
Saudi Arabian bank, Al Rajhi Bank, announced that it had run a successful trial using Ripple technology. This trial involved using Ripple technology to transfer money from Saudi Arabia and Jordan between bank branches.
Saudi Arabia’s SAMA is the first ever central bank to use this program. On July 11, 2018, it was reported that the municipality of Riyadh, had partnered with IBM. The purpose of this partnership was to execute a series of blockchain technologies in diverse administrative and economic areas.
According to news saudi launch BitOasis, the first bitcoin company in the Middle Eastern and North Africa region.
Citizens in Saudi Arabia, the UAE, Kuwait, Bahrain and Qatar can use the exchange service by sending money to a BitOasis bank account and exchanging it for bitcoins for a one per cent fee.
Sources..https://goo.gl/images/qUcEfd
Thats why i feel its a very bad news for our crypto market.....
Pls tell me what u think about this news.... Comment below...
And if u like my post pls upvote and comment on this post...
Thanks advance... 
