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ID: cmkd3hdi7000367lyiaeie4ucRegulationACTIVE
Cryptocurrency Services Clarification
11/28/2024
SRC: SAMA
EXECUTIVE_SUMMARY
Clear regulatory position on crypto asset services and licensing requirements
SAMA provides guidance on cryptocurrency trading and custody service regulations
SAMA has issued clarifications regarding the regulatory treatment of cryptocurrency-related services in Saudi Arabia.
- Custody services require specific SAMA licensing
- Trading platforms must meet AML/KYC requirements
- Consumer protection measures mandatory
FILE_PROPERTIES
- Published
- 11/28/2024
- Source
- SAMA
- Status
- PUBLISHED