Saudi Arabia also supports the blockchain and would be interested in introducing it into its banking system, but always respecting the rules of the sharia in matters of speculation and gambling.

Despite the reluctance of governments and organizations to admit Bitcoin and other cryptocurrencies, the blockchain is a technology that has many followers and that states and governments like. An example is the Alastria consortium, which unites important IBEX 35 companies, medium-sized companies and the state. The last country to enter the blockchain comes from Saudi Arabia and specifically from the Islamic Development Bank, a major bank in the Persian Gulf, which will use blockchain systems to reach all Muslim clients.

The Islamic Research and Training Institute, on the other hand, seeks to create platforms that are fully sharia-compliant, by collaborating with associations such as Ateon and SettleMint, the latter based in Belgium. The agreement can read: 'The participation of the BITD, a multilateral development institution, could also encourage other fintech companies to incorporate Islamic finance to take advantage of the markets of the Middle East, Asia and Africa. Islamic finance follows religious principles like banning gambling and outright speculation, but so far the sector has focused on traditional retail banking services. '