🚨The truth about launching a Saudi digital currency: What's the story?🚨
A verified account named Mohammed bin Suleiman on the X platform sparked widespread controversy after publishing a tweet stating that Saudi Arabia is preparing to launch its national digital currency soon. This tweet came in response to a prominent figure in the crypto world, which made it spread quickly and raised questions about its authenticity.
Is the news true?
So far, no official Saudi body has issued an announcement confirming these claims, and no statement about a similar project has been published through well-known government channels such as the Saudi Press Agency (SPA) or the Saudi Central Bank. The verified account bears a yellow mark, which means that it may be associated with an institution or media entity, but it is not evidence that it is an official government account.
It came in response to a tweet by the famous American businessman Dave Portnoy, founder of Barstool Sports, without any comment from him on the subject.
Who is Dave Portnoy?
Dave Portnoy is a prominent media figure in the business world, who founded the Barstool Sports platform, which focuses on sports and popular culture. Born on March 22, 1977, he is known for his bold and outspoken style, especially in the stock market and cryptocurrencies. Nicknamed "El Presidente", he has a fortune estimated at around $100 million in 2025. He is also known for his charitable initiatives, having raised more than $39 million to support small businesses during the Covid-19 pandemic. .
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