Beth: The General Authority for Audio-Visual Media in the Kingdom of Saudi Arabia stressed the necessity not to promote the activity of trading in securities in the foreign exchange market (Forex) for any person or entity, except after ensuring that they have obtained the necessary licenses to conduct such business in the Kingdom, as well as by publishing, advertising or Promoting unlicensed digital currencies in all their names and their derivatives in the Kingdom, and any other misleading advertisements in this regard, and violators will be dealt with in accordance with the laws and regulations in force in the Kingdom.

And she said in a circular, “Due to the increase in digital currency ads and unlicensed investments through (Google ads), and other advertising distribution companies, and the promoters of these violating advertisements use many fraud methods represented in publishing pictures of the symbols and leaders of the Kingdom, ministers, government officials, and official slogans of government and private agencies. And the use of deceptive titles such as “investment opportunities for Saudis only.”