Is Monero legal in Saudi Arabia?
Crypto is banned from licensed channels in Saudi Arabia, so there is no local route to buy XMR; the legal position on private holding is unclear.
| Owning XMR | Unclear |
|---|---|
| Local exchanges | Not allowed |
| National rule | Crypto banned or heavily restricted |
| Regulator | Saudi Central Bank (SAMA); Capital Market Authority (CMA) |
| Last reviewed | 25 October 2026 |
The legal situation in Saudi Arabia
Saudi Arabia's central bank (SAMA) warned in 2018 that virtual currencies are illegal in the Kingdom, and no crypto business is licensed there. There is no privacy-coin-specific rule because crypto trading as a whole is not authorised. Private holding is not clearly addressed in law.
Key facts
- 2018-08-12: The Saudi Arabian Monetary Authority (SAMA) warned that virtual currencies such as Bitcoin are illegal in the Kingdom, without specifying a penalty.
- A 2025 overview reports that no parties are licensed for crypto-related activity in the Kingdom.
What this means for you
Crypto trading is banned or heavily restricted here, and that includes Monero. Do not try to get around the law; penalties can be serious. Check back here: rules change.
Public information on this country is limited. We found no specific rule on Monero, which is not the same as permission. Treat this page as a starting point and check local law.
Sources
blockchain.bakermckenzie.com, lightspark.com.
Sources are listed by publisher so you can look them up yourself; we do not link out.
General information, not legal or tax advice. Check the regulator's own website before acting.
Frequently asked questions
Is Monero legal in Saudi Arabia?
Crypto is banned from licensed channels in Saudi Arabia, so there is no local route to buy XMR; the legal position on private holding is unclear.
Can I buy Monero on a local exchange in Saudi Arabia?
No. Crypto exchanges or privacy coins are not allowed.