KSA Dar Al Arkan realestate awaits regulatory approval for crypto transactions

Saudi based Dar Al Arkan which had announced a joint investment of 2 billion USD with Oman Development entity Omran for a touristic project in Oman.

In a television interview the CEO of Dar Al Arkan when asked about any possible dealings with digital currencies inside the Kingdom, his reply that they had requested approval from specialized parties and is expecting reply soon for utilizing these forms of crypto payments in small amounts.

Dar Al Arkan clarified in a statement, " That the statements made by CEO were pertaining to assets outside the Kingdom of Saudi Arabia since there are no current regulation for digital currency utilization inside the Kingdom.