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.
This illustration photograph taken on July 18, 2021, in Istanbul shows physical banknote imitations of the Bitcoin cryptocurrency. — OZAN KOSE/AFP via Getty Images

Subscribe for unlimited access

All news, events, memos, reports, and analysis, and access all 10 of our newsletters. Learn more

$14 monthly or $100 annually ($8.33/month)
OR

Continue reading this article for free

Access 1 free article per month when you sign up. Learn more.

By signing up, you agree to Al-Monitor’s Terms and Conditions and Privacy Policy. Already have an account? Log in