The Saudi Ministry of Finance issued a warning on Tuesday against dealing with CryptoRiyal (CR) and SmartRiyal which are issued by a Singapore based cryptocurrency startup firm.
Any use of the KSA name, national currency or national emblem by any entity for virtual or digital currencies marketing will be subject to legal action by the competent authorities in the Kingdom
The ministry said on Tuesday.
The website of a cryptocurrency company in Singapore is promoting what it calls the CryptoRiyal and SmartRiyal, using the Saudi emblem of two crossed swords and a palm tree. Its “ultimate goal” is to finance NEOM, the smart city and tourist destination being built in the north of the Kingdom, the company claims.
Paris, France – French police arrested several suspects this week tied to disturbing May… Read More
PayPal just announced big plans for its stablecoin. The company wants to bring PayPal USD… Read More
Binance, the world's largest cryptocurrency exchange has announced its plans to delist and pause trading… Read More
LocalMonero, the peer-to-peer exchange platform for the privacy-focused cryptocurrency Monero (XMR), will be shutting down… Read More
The major telecom company Vodafone has unveiled an ambitious plan to integrate cryptocurrency wallets directly… Read More
In the world of cybersecurity, claims of data breaches can cause significant concern and speculation.… Read More