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Saudi warns against cryptocurrency investment scams

KSA


Riyadh: The Saudi Interpol warned against investing in the cryptocurrency, such as Bitcoin, which is not regulated in the Kingdom.

The International Cybercrime Section issued a statement cautioning citizens and residents against investing in virtual currencies.

Many cases have come to light where cryptocurrency scammers have tricked victims into investing in fraudulent projects, luring them by offering higher returns.

The Saudi Interpol also warned against engaging in unwarranted and unlicensed financial investments (Forex), adding that such transactions involve high risks.

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