MEXC in Saudi Arabia 2026: Legal Status & SAR Guide

Saudi Arabia's regulatory stance on crypto has evolved significantly under Vision 2030. SAMA (Saudi Central Bank) and the CMA (Capital Market Authority) have been cautious but are developing regulatory frameworks. SAMA has issued warnings about crypto risks, but individual trading is not prohibited. Saudi Arabia is investing heavily in blockchain technology under Vision 2030.

Saudi Arabia's regulatory approach to crypto is evolving under the Vision 2030 framework, which positions the Kingdom as a global technology and innovation leader. While SAMA has issued warnings about crypto risks and the CMA has not yet established a comprehensive crypto exchange licensing framework, individual trading is not prohibited.

MEXC is accessible from Saudi Arabia and not blocked. Saudi traders use MEXC for access to a broader range of cryptocurrencies and advanced trading features beyond what domestic or regional licensed platforms offer. Saudi Arabia's significant oil wealth and growing young population have contributed to a large and active crypto trading community.

STC Pay is Saudi Arabia's leading digital wallet operated by Saudi Telecom Company with over 7 million users. It is one of the most widely accepted P2P payment methods for Saudi MEXC users. Bank transfers through Saudi commercial banks (Al Rajhi Bank, National Commercial Bank, Riyad Bank, SABB) are also commonly used for P2P transactions.

SAMA's SARIE system (Saudi Arabia Real-time Interbank Electronic Transfer) enables 24/7 instant bank transfers between Saudi banks, making real-time bank P2P trading possible outside banking hours.

Saudi Arabia's Vision 2030 has accelerated interest in digital assets and blockchain technology at an institutional level. NEOM (the planned smart city project) and other Vision 2030 initiatives have explored blockchain applications. This official interest in blockchain technology has increased mainstream awareness and legitimacy of crypto assets in the Saudi market.

Retail crypto adoption among Saudi youth has grown substantially. Saudi traders are active in both long-term crypto investment and active trading on platforms like MEXC. The Kingdom's high internet penetration, tech-savvy young demographic, and disposable income levels all support continued crypto market growth.

MEXC is fully localized in Arabic with right-to-left layout, making it highly accessible to Saudi traders. Customer support in Arabic is available 24/7 via live chat. The MEXC Arabic community on Telegram covers Saudi, UAE, Egyptian, and all Arabic-speaking users globally, providing peer support and market discussions in Arabic.