Saudi Arabia is Working On Cryptocurrency Legalization

According to Chairman of Saudi Arabia's Capital Markets Authority, agency doesn't plan the prohibition of cryptocurrency in a regulation law
01 February 2018   142

The Capital Markets Authority of Saudi Arabia (CMA) will soon submit a draft law on the regulation of the cryptocurrency. As CMA chairman Mohamed ElKuwaiz said in an interview with Business Insider, the prohibition of cryptocurrency is not included in the agency's plans.

Not unlike most other markets, the regulators in Saudi have been following developments with cryptocurrencies with great interest. We are still evaluating what our appropriate regulatory response should be. I think we are likely to come up with something very soon.

Mohammed ElKuwaiz

Chairman, Saudi Arabia's Capital Markets Authority

It should be noted that to date the Saudi authorities have not imposed any restrictions related to bitcoin trade or ICO.

Earlier, the Central Bank of Saudi Arabia noted that it is too early to introduce regulation, because "the market has not yet matured," and it is possible to assess the impact of the crypto currency on the financial market not earlier than in 5 years.

UCLA Blockchain Crypto Conference to be Held in LA

The UCLA Conference will be held on February 17-18 of 2018, gathering together the most experienced and exciting thinkers
17 February 2018   174

UCLA's Blockchain Lab and Far from LA are holding the Blockchain Cryptocurrency Conference, gathering together the most experienced and exciting thinkers across SoCal, in order to foster both economic and educational progress. The conference will concern cybersecurity, cryptocurrencies, and blockchain.

The UCLA Conference will be held on February 17-18 of 2018.

Location: The University of California, Humanities Building, 415 Portola Plaza, UCLA 90095, Los Angeles

The headline speakers will include Kathleen Breitman, the co-founder of Tezos; Sandra Ro from UWIN Lab; David Moss from EOS; Jeremy Rubin, the Bitcoin core developer, and many more.

The agenda of the conference is as follows: the future of blockchain keynote, bringing humanity to the blockchain, cybersecurity, autonomous vehicles, blockchain's influence on the development of art and culture, blockchain in the music industry, government adoption of blockchain around the world, and more.