U.Today is supported by its audience. When you buy through referral links, we may earn a commission.

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

Cover image via U.Today

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.

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

Recommended articles
Bitcoin (BTC) Price Might Be Ready for Take-Off, Exchange Data Shows

Bitcoin (BTC) Price Might Be Ready for Take-Off, Exchange Data Shows

I Will Not Let Bitcoin (BTC) Price Go to Zero: CZ Binance

I Will Not Let Bitcoin (BTC) Price Go to Zero: CZ Binance

137.5 Mln XRP Kicked Between Exchanges as XRP Liquidity Hits New ATH

137.5 Mln XRP Kicked Between Exchanges as XRP Liquidity Hits New ATH