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Saudi Arabia’s Dar Al Arkan is awaiting regulatory approval to use cryptocurrencies in buying and selling real estate

Saudi Arabia’s Dar Al Arkan is awaiting regulatory approval to use cryptocurrencies in buying and selling real estate

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Answer Saudi Arabia’s Dar Al Arkan is awaiting regulatory approval to use cryptocurrencies in buying and selling real estate

The cryptocurrency and blockchain market is expanding significantly at the global level and at the level of our Arab region as well.

Recently, according to the websitenumbersMr. Yousef Al-Shalash, Chairman of the Board of Directors of Dar Al-Arkan, informed that the company intends to list “Sahel” company in the Saudi market, where he explained that the capital of the company reached one billion riyals.

It is worth noting that “Sahel” Home Finance recently celebrated its 10th anniversary since its establishment.

Al-Shlash stated that the company intends to increase investment and expand its real estate field, as the company seeks to develop a real estate tourism project in the Sultanate of Oman.

Read:How Facebook can take advantage of the blockchain to solve security problems

In the event that easy company receives the green light to adopt digital currencies in the buying and selling of real estate, this will be a major boost to the adoption of digital currencies and blockchain in Saudi Arabia, which many of its institutions have previously shown openness about blockchain technology and its exploitation in logistics and other important services.

Read:Report: 60% of video game developers already use blockchain

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