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.
Never mind, is Bitcoin illegal in Saudi Arabia?
Kingdom of Saudi Arabia (المملكة العربية السعودية) regulators issued a statement this week 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.
Somehow, is owning Bitcoin illegal? As of February 2020, Bitcoin was legal in the U.S., Japan, the U.K., Canada, and most other developed countries. ... Even where Bitcoin is legal, most of the laws that apply to other assets also apply to Bitcoin. Tax laws are the area where most people are likely to run into trouble.
Suitably, in what countries is Bitcoin illegal?
Countries that have banned Bitcoin
Are Bitcoins legal in India?
As it stands, bitcoin buying, selling, trading, or mining is not illegal by any law in India. Tellingly, the publication's source also adds that any decision that ruled the cryptocurrency to be illegal in India would mean that India's nascent but growing bitcoin industry will have to shut down.