Bitcoin Down as Saudi Attack Raises Fears of Economic Crisis

2019-9-17 16:00

Bitcoin was trading in negative territory on Tuesday as attacks on Saudi Arabia’s crude oil processing facilities weighed on the global economy. The benchmark cryptocurrency dwindled by $74.

49, or 0. 73 percent, to $10,188. 05 minutes after the London market open. The move downside extended bitcoin’s week-to-date loss to 2 percent, maintaining the ongoing sideways momentum. Elsewhere. . .

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Saudi Arabia Officials Warn that Bitcoin Trading is Illegal

Despite the country’s proactive and seemingly positive approach towards blockchain-based technologies, cryptocurrency trading remains heavily outlawed, officials reiterate. Bitcoin and Other Cryptocurrencies Are Illegal A standing committee, headed by the Capital Market Authority in Saudi Arabia and including representatives of the Ministry of Trade and Investment, the Ministry of Information, and the Saudi Arabian Monetary Agency, issued a formal statement, reaffirming the illegality of trading with Bitcoin and other cryptocurrencies.

2018-8-14 04:00