Digital asset law takes effect Bit Coins

The royal decree to regulate digital asset-related transactions came into force on Sunday after it was published in the Royal Gazette. The 100-section law defines digital assets as cryptocurrencies  Big Fines and Jail Time.

The 100-section law defines digital assets as cryptocurrencies and digital tokens. It tasks the Security Exchange Commission (SEC) to control and regulate the digital assets. Sellers of digital tokens

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