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saudi-aug14.jpg Financial watchdogs of the Kingdom of Saudi Arabia have warned that trading in cryptocurrencies such as Bitcoin is illegal inside Western Asia's sovereign Arab state. The warning was released by the Saudi Arabian Monetary Authority (SAMA) in a statement issued by the standing committee for awareness on dealing in unauthorized securities activities in the foreign exchange market (forex).

africacryptomapred-aug14.jpg A report analyzing cryptocurrency regulation in Sub-Saharan Africa has found that despite cryptocurrencies exerting a notable presence in 36 African countries, only South Africa and Swaziland have adopted "a generally favorable and permissive [regulatory] stance" pertaining to cryptocurrencies. African governments and central banks are mostly adopting a "wait and see" approach when it comes to re

crypto-aug13.jpg Leading cryptocurrencies, except Ethereum, were in the green Monday morning, after declining for several days. Bitcoin managed to hold above $6,000 over the weekend, offering some relief to cryptocurrency enthusiasts. Tether, a stablecoin which is pegged to Bitcoin in a 1:1 ratio, reportedly issued new tokens worth $50 million during the weekend.

bitpay-aug13.jpg U.S. satellite pay-TV company Dish Network announced the addition of cryptocurrency Bitcoin Cash (BCH) as an option for customers to make payment for monthly subscriptions, pay-per-view movies, and events. DISH has also migrated from its former payment processor to global blockchain payments provider BitPay for cryptocurrency payment processing.

fincen-aug13.jpg The US regulatory agency dealing with financial crimes has warned that it will "aggressively pursue" individuals and companies involved in cryptocurrency transactions who do not take their obligations under U.S. law seriously, "whether by targeting victims or enabling those who do." Kenneth A. Blanco, Director of the Financial Crimes Enforcement Network (FinCEN), made his agency's approach to cryp

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