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Saudi Arabia’s Desperate Attempt to Cash in on Web3 Before It All Comes Crashing Down Again

Crypto NewsRegulation/NegotiationRetail Investors 3 Sam Rogers August 16, 2024

An illustration of an Arabian camel standing at the edge of a cliff overlooking a valley below with several buildings in various stages of construction. The camel is looking down into the distance while its front legs are spread wide as if it's about to jump or fall off the cliff. In the background, there are clouds and sun rays shining through them but also some dark stormy weather looming on the horizon. At the bottom of the valley below, several buildings appear in various stages of construction with a few already completed while others seem abandoned or partially destroyed.

Saudi Arabia is trying to become a hub for web3 startups because they’re desperate – who wouldn’t want in on this multi-trillion dollar Ponzi scheme? The problem is that their efforts are being hindered by regulatory uncertainty. You’d think after all these years of watching crypto collapse, governments would have figured out how to regulate it properly. But nope! They still can’t seem to get it right

Source: bitcoin.com

Saudi Arabia Becoming Hub for Web3 Startups Seeking Investment, Report Says
https://news.bitcoin.com/saudi-arabia-becoming-hub-for-web3-startups-seeking-investment-report-says
Saudi Arabia’s emergence as a top venture capital investment destination in the Middle East and North Africa offers an opportunity for Web3 startups seeking funding. However, the latest Adaverse report acknowledges that the Saudi Web3 industry faces challenges requiring collaboration among key stakeholders to overcome. The report urges Saudi authorities to establish clear, comprehensive regulations to create a stable, supportive environment for the Web3 sector’s growth. According to the latest […]

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About the author

Sam Rogers

Sam’s plunge into the crypto world turned into a brutal farce when he fell for an absurdly obvious scam promising to double his investment. After being fleeced by a slick email con, Sam is left fuming and broke. His writing drips with anger and dark humor as he exposes the outrageous scams and ludicrous promises of the crypto world. His motto: “I didn’t just fall for a scam—I was sucker-punched by an entire industry. If you think crypto is a goldmine, just wait until you see how deep it can dig your grave.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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