Tag: saudi arabia

Jul 13 2022

Survey finds strong crypto use and penetration in Saudi Arabia

Jul 13 2022 Published at Coinscreed under tags  news saudi arabia

According to a recent KuCoin report, Saudi Arabia is a sizable market for digital currencies due to the nation's good legal environment, huge user base, and rising interest in cryptocurrencies. Saudi Arabia is a significant market for digital currencies due to the strong penetration and adoption of cryptocurrencies there, showing the MENA region's potential for […] The post...

Survey Reveals a High Crypto Adoption Rate among Saudi Arabians

KuCoin, a major cryptocurrency exchange, has unveiled a new survey revealing a high penetration of the cryptocurrency market among Saudi Arabians.According to the findings, approximately 3 million Saudi Arabians aged 18-60 own cryptocurrencies or have traded in them over the past six months, which is 14% of the adult population. A further 17% of adults are considered crypto-curious and likely to invest...

Mar 17 2022

Where Does Bitcoin Stand With Depleting Dollar Dominance

The world has relied on the US Dollar as a reserve currency for decades now, needless to say that it is one of the world's strongest currencies. As far as Bitcoin and its potential prevalence are concerned, many experts believe that the digital currency could threaten the global supremacy of dollar. It is no news that Bitcoin and other cryptocurrencies have gained significant...

Feb 28 2022

Survey Finds Majority of Saudis Aware, but Only a Few Invest in Crypto

YouGov's latest survey released on Monday indicates that digital banking has become increasingly popular in Saudi Arabia. According to the survey, nine out of ten respondents (91%) say that they pr...

Jul 28 2021

The Truth Behind Bitcoin’s Opposition

Bitcoin represents a threat to the United States dollar and its global hegemony backed by endless war.What do Saddam Hussein and Bitcoin have in common? According to the government, they both have ties to terrorism. In reality, both threaten the United States dollar (USD) and its global hegemony.“One man's terrorist is another man's freedom fighter.” — Gerald...

Nov 30 2020

Saudi Arabia Inches Closer to Officially Launch Digital Currency with UAE

SAMA and the central bank of the UAE jointly published a report to show key benefits of a CBDC.

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