Major Middle Eastern Exchange Calls For Regulatory Actions Amidst Saudi Arabian Clampdown on Crypto

BitOasis, a major cryptocurrency exchange in the Gulf region, takes a militant stance in the wake of the prohibitive measures announced by the Saudi government. The company is going to actively cooperate with GCC officials in order to design a ‘common sense’ regulatory platform.

Ola Doudin, the chief executive of BitOasis, is certain that digital assets and the Blockchain technology are not going anywhere. Doudin also claims that there is a growing need for regulations, which would make the cryptocurrency market more secure and accessible.