Skip to main content

Saudi Aramco denies rumors it will produce bitcoins

The Saudi state-owned oil company said reports it will engage in the process of creating cryptocurrency are "false."
This illustration photograph taken on July 18, 2021, in Istanbul shows physical banknote imitations of the Bitcoin cryptocurrency.

Saudi Arabia’s state oil company has denied reports it will make more of the cryptocurrency Bitcoin.

Aramco called claims they would engage in Bitcoin mining “false and inaccurate” in a Monday press release.

Access the Middle East news and analysis you can trust

Join our community of Middle East readers to experience all of Al-Monitor, including 24/7 news, analyses, memos, reports and newsletters.

Subscribe

Only $100 per year.