{"id":16519,"date":"2019-08-21T00:00:00","date_gmt":"2019-08-21T00:00:00","guid":{"rendered":"https:\/\/crypto-economy.com\/saudi-ministry-of-finance-issues-notice-against-cryptoriyal-and-smartriyal-crypto-project\/"},"modified":"2019-08-21T00:00:00","modified_gmt":"2019-08-21T00:00:00","slug":"saudi-ministry-of-finance-issues-notice-against-cryptoriyal-and-smartriyal-crypto-project","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/saudi-ministry-of-finance-issues-notice-against-cryptoriyal-and-smartriyal-crypto-project\/","title":{"rendered":"Saudi Ministry of Finance Issues Notice against CryptoRiyal and SmartRiyal Crypto Project"},"content":{"rendered":"
A firm based in Singapore behind crypto projects CryptoRiyal<\/a> and SmartRiyal which purports to be raising funds for NEOM is a scam, according to a notice issued out by the Saudi Ministry of finance.<\/a> The project is using the Kingdom’s emblem, and the two crossed swords together with a palm tree.<\/p>\n <\/p>\n Furthermore, per the notice, the people behind the above project are luring in investors by claiming to behind a smart city and tourist destination under construction. Per the details on the firm’s website, the smart city is being built in the North of the Kingdom.<\/p>\n Alongside issuing the warning to investors, the Saudi ministry of finance also said;<\/p>\n “Through using the national emblem, national currency or the KSA name any entity in the crypto space will be subject to legal action by authorities in the Kingdom.”<\/em><\/p>\n