Saudi Central Bank Revokes Ahmed Ibrahim Suleiman Al-Batti Exchange License

The Saudi Central Bank (SAMA) revoked Ahmed Ibrahim Suleiman Al-Batti Exchange's money exchange license, ending the firm's authorization to conduct currency exchange activities in Saudi Arabia. SAMA oversees financial institutions in Saudi Arabia, including businesses that conduct currency exchange. Al-Batti Exchange can no longer carry out those activities in the country. Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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