Saudi Arabia's ministry of finance has warned that fraudsters from Singapore are attempting to con crypt-investors into investing in a "virtual currency" they claim will fund government projects. The ministry said that the Singapore-based company is pushing "CryptoRiyal" and "SmartRiyal" cryptocurrencies, linked to the Saudi riyal currency. In a statement issued this morning the ministry cautioned, "Any use of the KSA name, national currency or national emblem by any entity for virtual or digital currencies marketing will be subject to legal action by the competent authorities in the ...
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