{"id":40316,"date":"2025-11-21T12:03:16","date_gmt":"2025-11-21T12:03:16","guid":{"rendered":"https:\/\/metachannelcorp.com\/en\/perspectives\/%d8%a7%d9%84%d9%85%d9%85%d9%84%d9%83%d8%a9-%d8%a7%d9%84%d8%b9%d8%b1%d8%a8%d9%8a%d8%a9-%d8%a7%d9%84%d8%b3%d8%b9%d9%88%d8%af%d9%8a%d8%a9-%d9%84%d9%85-%d8%aa%d8%b1%d9%85%d9%90%d9%91%d8%b2\/"},"modified":"2025-11-21T12:03:16","modified_gmt":"2025-11-21T12:03:16","slug":"saudi-arabia-has-not-tokenized-a-property","status":"publish","type":"post","link":"https:\/\/metachannelcorp.com\/ar\/perspectives\/saudi-arabia-has-not-tokenized-a-property\/","title":{"rendered":"\u0627\u0644\u0645\u0645\u0644\u0643\u0629 \u0627\u0644\u0639\u0631\u0628\u064a\u0629 \u0627\u0644\u0633\u0639\u0648\u062f\u064a\u0629 \u00ab\u0644\u0645\u00bb \u062a\u0631\u0645\u0650\u0651\u0632 \u0639\u0642\u0627\u0631\u064b\u0627"},"content":{"rendered":"

\u0627\u0644\u0645\u0645\u0644\u0643\u0629 \u0627\u0644\u0639\u0631\u0628\u064a\u0629 \u0627\u0644\u0633\u0639\u0648\u062f\u064a\u0629 \u0644\u0645 \u062a\u0631\u0645\u0650\u0651\u0632 \u0639\u0642\u0627\u0631\u064b\u0627. \u0644\u0642\u062f \u0623\u0635\u0627\u0628\u062a \u0642\u0644\u0628 \u0646\u0638\u0627\u0645 \u062a\u062d\u0645\u064a\u0647 \u0623\u0648\u0631\u0648\u0628\u0627 \u0645\u0646\u0630 \u0642\u0631\u0646\u064a\u0646.<\/strong><\/p>\n

\u0641\u064a \u0627\u0644\u0631\u064a\u0627\u0636\u060c \u064a\u064f\u0635\u062f\u0631 \u0648\u0632\u064a\u0631\u064c \u0642\u0631\u0627\u0631\u064b\u0627\u060c \u0648\u062f\u0648\u0646 \u0623\u064a \u0625\u062c\u0631\u0627\u0621 \u0622\u062e\u0631\u060c \u064a\u064f\u062c\u0632\u064e\u0651\u0623 \u0635\u0643 \u0645\u0644\u0643\u064a\u0629 \u0639\u0642\u0627\u0631\u064a\u0629 \u062d\u0642\u064a\u0642\u064a \u0625\u0644\u0649 \u0648\u062d\u062f\u0627\u062a \u0631\u0642\u0645\u064a\u0629 \u0645\u0631\u062a\u0628\u0637\u0629 \u0645\u0628\u0627\u0634\u0631\u0629 \u2014\u062d\u0631\u0641\u064a\u064b\u0627 \u00ablinked\u00bb\u2014 \u0628\u0627\u0644\u0633\u062c\u0644 \u0627\u0644\u062d\u0643\u0648\u0645\u064a. \u064a\u064f\u062a\u062f\u0627\u0648\u0644\u060c \u0648\u064a\u064f\u0646\u0642\u0644\u060c \u0648\u064a\u064f\u0633\u0648\u0651\u0649. \u064a\u0639\u0645\u0644 \u0641\u0639\u0644\u064b\u0627. \u062d\u0642\u064a\u0642\u064a. \u062f\u0648\u0646 \u0627\u0633\u062a\u0626\u0630\u0627\u0646 \u0623\u062d\u062f.<\/p>\n

\u0648\u0641\u064a \u0623\u0648\u0631\u0648\u0628\u0627\u060c \u0641\u064a \u0627\u0644\u0648\u0642\u062a \u0646\u0641\u0633\u0647\u060c \u062a\u0646\u0627\u0642\u0634 \u0644\u062c\u0646\u0629 \u0642\u0627\u0646\u0648\u0646\u064a\u0629 \u0645\u0627 \u0625\u0630\u0627 \u0643\u0627\u0646 \u0628\u0648\u0633\u0639 \u0643\u0627\u062a\u0628 \u0627\u0644\u0639\u062f\u0644 (\u0627\u0644\u0645\u0648\u062b\u0650\u0651\u0642) \u0623\u0646 \u064a\u0642\u0628\u0644 \u0639\u0642\u062f\u064b\u0627 \u0630\u0643\u064a\u064b\u0627 (smart contract) \u062f\u0648\u0646 \u0623\u0646 \u064a\u0632\u0639\u0632\u0639 \u0627\u0644\u0635\u0631\u062d \u0627\u0644\u0642\u0627\u0646\u0648\u0646\u064a \u0627\u0644\u0645\u0634\u064a\u064e\u0651\u062f \u0645\u0646\u0630 1862. \u0647\u0630\u0627 \u0647\u0648 \u0627\u0644\u0641\u0631\u0642. \u0648\u0647\u0648 \u0645\u0624\u0644\u0645.<\/p>\n

\u0644\u0623\u0646 \u0627\u0644\u0623\u0645\u0631 \u0644\u0627 \u064a\u062a\u0639\u0644\u0642 \u0628\u0627\u0644\u062a\u0643\u0646\u0648\u0644\u0648\u062c\u064a\u0627. \u0641\u0627\u0644\u062a\u0643\u0646\u0648\u0644\u0648\u062c\u064a\u0627 \u0646\u0645\u0644\u0643\u0647\u0627 \u062c\u0645\u064a\u0639\u064b\u0627. \u0627\u0644\u0623\u0645\u0631 \u064a\u062a\u0639\u0644\u0642 \u0628\u0645\u0646 \u064a\u062a\u062d\u0643\u0645 \u0641\u064a \u0627\u0644\u0628\u0646\u064a\u0629 \u0627\u0644\u0645\u0624\u0633\u0633\u064a\u0629 \u0627\u0644\u062a\u064a \u062a\u0645\u0646\u062d \u0627\u0644\u062d\u064a\u0627\u0629 \u0644\u0644\u062d\u0642 \u0627\u0644\u0639\u064a\u0646\u064a.<\/p>\n

\u0641\u064a \u0627\u0644\u0645\u0645\u0644\u0643\u0629 \u0627\u0644\u0639\u0631\u0628\u064a\u0629 \u0627\u0644\u0633\u0639\u0648\u062f\u064a\u0629 \u0647\u0646\u0627\u0643 \u0645\u0631\u0643\u0632 \u0642\u0631\u0627\u0631 \u0648\u0627\u062d\u062f. \u0623\u0645\u0627 \u0641\u064a \u0623\u0648\u0631\u0648\u0628\u0627 \u0641\u0644\u0627 \u062a\u0648\u062c\u062f \u0646\u0642\u0627\u0628\u0629 \u0648\u0627\u062d\u062f\u0629: \u0628\u0644 \u0633\u0628\u0639 \u0648\u0639\u0634\u0631\u0648\u0646 \u0645\u0646\u0638\u0648\u0645\u0629 \u0645\u0647\u0646\u064a\u0629 \u2014\u0633\u062c\u0644\u0627\u062a\u060c \u0648\u0647\u064a\u0626\u0627\u062a \u062a\u0648\u062b\u064a\u0642\u060c \u0648\u0647\u064a\u0626\u0627\u062a \u0645\u0647\u0646\u064a\u0629\u2014 \u062a\u0639\u064a\u0634 \u0639\u0644\u0649 \u0628\u0642\u0627\u0621 \u0627\u0644\u0645\u0644\u0643\u064a\u0629 \u062a\u0639\u0645\u0644 \u0643\u0645\u0627 \u0643\u0627\u0646\u062a \u0642\u0628\u0644 \u0642\u0631\u0646\u064a\u0646.<\/p>\n

\u0644\u0627\u0626\u062d\u0629 MiCA \u0639\u0645\u0644 \u062a\u0646\u0638\u064a\u0645\u064a \u0645\u062a\u0642\u0646. \u062a\u0636\u0639\u0646\u0627 \u0641\u064a \u0627\u0644\u0635\u062f\u0627\u0631\u0629 \u0641\u064a \u0627\u0644\u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u0631\u0642\u0645\u064a\u0629 \u0644\u0644\u0631\u0645\u0632. \u0644\u0643\u0646 \u0645\u0627 \u0625\u0646 \u064a\u062d\u0627\u0648\u0644 \u0627\u0644\u0631\u0645\u0632 \u0627\u0644\u0645\u0633\u0627\u0633 \u0628\u0635\u0643 \u0627\u0644\u0645\u0644\u0643\u064a\u0629 \u062d\u062a\u0649 \u064a\u0638\u0647\u0631 \u0627\u0644\u062c\u062f\u0627\u0631: \u0627\u0644\u062d\u062c\u064a\u0629 \u0627\u0644\u0631\u0633\u0645\u064a\u0629 \u0627\u0644\u0645\u0641\u0648\u064e\u0651\u0636\u0629 (fe p\u00fablica delegada)\u060c \u0648\u0645\u0628\u062f\u0623 \u0627\u0644\u062d\u0635\u0631 \u0627\u0644\u0639\u062f\u062f\u064a \u0644\u0644\u062d\u0642\u0648\u0642 \u0627\u0644\u0639\u064a\u0646\u064a\u0629 (numerus clausus)\u060c \u0648\u0627\u0644\u062d\u0636\u0648\u0631 \u0627\u0644\u0634\u062e\u0635\u064a \u0627\u0644\u0625\u0644\u0632\u0627\u0645\u064a\u060c \u0648\u0631\u0633\u0648\u0645 \u0644\u0627 \u064a\u0646\u0627\u0642\u0634\u0647\u0627 \u0623\u062d\u062f\u060c \u0648\u0633\u062c\u0644 \u0644\u0627 \u064a\u0632\u0627\u0644 \u064a\u0639\u0645\u0644 \u0643\u0645\u0627 \u0641\u064a \u0627\u0644\u0642\u0631\u0646 \u0627\u0644\u062a\u0627\u0633\u0639 \u0639\u0634\u0631\u060c \u0648\u0644\u0643\u0646 \u0628\u0627\u062a\u0635\u0627\u0644 \u0623\u0641\u0636\u0644 (\u0648\u0627\u064a \u0641\u0627\u064a).<\/p>\n

\u0625\u0633\u0628\u0627\u0646\u064a\u0627 \u0644\u064a\u0633\u062a \u0627\u0644\u0627\u0633\u062a\u062b\u0646\u0627\u0621. \u0625\u0646\u0647\u0627 \u0627\u0644\u062d\u0627\u0644\u0629 \u0627\u0644\u0623\u0648\u0636\u062d. \u0641\u0647\u0646\u0627 \u064a\u062a\u0645\u062a\u0639 \u0633\u062c\u0644 \u0627\u0644\u0645\u0644\u0643\u064a\u0629 \u0627\u0644\u0639\u0642\u0627\u0631\u064a\u0629 (Registro de la Propiedad) \u0628\u0627\u0633\u062a\u0642\u0644\u0627\u0644\u064a\u0629 \u0648\u0638\u064a\u0641\u064a\u0629 \u0647\u0627\u0626\u0644\u0629\u060c \u0648\u0644\u0627 \u064a\u0632\u0627\u0644 \u0643\u0627\u062a\u0628 \u0627\u0644\u0639\u062f\u0644 \u0627\u0644\u062d\u0627\u0631\u0633 \u0627\u0644\u0625\u0644\u0632\u0627\u0645\u064a \u0644\u0644\u0639\u0642\u062f. \u0648\u0644\u0627 \u0623\u062d\u062f \u2014\u0644\u0627 \u0627\u0644\u0633\u064a\u0627\u0633\u064a\u0648\u0646 \u0648\u0644\u0627 \u0627\u0644\u062c\u0647\u0627\u062a \u0627\u0644\u062a\u0646\u0638\u064a\u0645\u064a\u0629\u2014 \u064a\u062c\u0631\u0624 \u0639\u0644\u0649 \u0637\u0631\u062d \u0623\u0646 \u0633\u062c\u0644\u064b\u0627 \u062d\u0643\u0648\u0645\u064a\u064b\u0627 (ledger) \u0631\u0628\u0645\u0627 \u064a\u0633\u062a\u0637\u064a\u0639 \u0623\u062f\u0627\u0621 \u062c\u0632\u0621 \u0645\u0646 \u062a\u0644\u0643 \u0627\u0644\u0648\u0638\u0627\u0626\u0641 \u062f\u0648\u0646 \u062a\u0642\u0627\u0636\u064a 1,200 \u064a\u0648\u0631\u0648 \u0639\u0646 \u0643\u0644 \u0631\u0647\u0646 \u0639\u0642\u0627\u0631\u064a.<\/p>\n

\u062a\u062d\u0627\u0641\u0638 \u0625\u064a\u0637\u0627\u0644\u064a\u0627 \u0639\u0644\u0649 \u0633\u062c\u0644 \u0645\u0633\u0627\u062d\u064a (Catasto) \u0644\u0645 \u062a\u0641\u0644\u062d \u0623\u064a \u062e\u0637\u0629 \u0631\u0642\u0645\u064a\u0629 \u0641\u064a \u0632\u062d\u0632\u062d\u062a\u0647. \u0648\u062a\u062d\u0627\u0641\u0638 \u0641\u0631\u0646\u0633\u0627 \u0639\u0644\u0649 \u0627\u062d\u062a\u0643\u0627\u0631 \u0644\u0644\u062a\u0648\u062b\u064a\u0642 \u062c\u062f\u064a\u0631 \u0628\u0646\u0627\u0628\u0644\u064a\u0648\u0646. \u0648\u062a\u064f\u0628\u0642\u064a \u0623\u0644\u0645\u0627\u0646\u064a\u0627 \u0639\u0644\u0649 \u0643\u062a\u0651\u0627\u0628 \u0639\u062f\u0644 \u0625\u0642\u0644\u064a\u0645\u064a\u064a\u0646 \u0644\u0643\u0644 \u062f\u0627\u0626\u0631\u0629 \u0643\u0623\u0646\u0647\u0645 \u0625\u0642\u0637\u0627\u0639\u064a\u0627\u062a. \u0648\u062a\u063a\u0644\u0642 \u0627\u0644\u0628\u0631\u062a\u063a\u0627\u0644 \u0648\u0625\u064a\u0637\u0627\u0644\u064a\u0627 \u0628\u0627\u0628 \u0627\u0644\u0648\u0644\u0648\u062c \u0627\u0644\u0645\u0647\u0646\u064a \u0628\u062d\u0635\u0631 \u0639\u062f\u062f\u064a (numerus clausus) \u0645\u0646\u064a\u0639. \u0648\u062a\u064f\u0628\u0642\u064a \u0627\u0644\u0645\u0643\u0633\u064a\u0643 \u0648\u0627\u0644\u0628\u0631\u0627\u0632\u064a\u0644 \u0639\u0644\u0649 \u0645\u0643\u0627\u062a\u0628 \u0627\u0644\u062a\u0648\u062b\u064a\u0642 \u0648\u0627\u0644\u062a\u0633\u062c\u064a\u0644 (cart\u00f3rios) \u0627\u0644\u062a\u064a \u062a\u062a\u062c\u0627\u0648\u0632 \u0633\u0644\u0637\u062a\u0647\u0627 \u0627\u0644\u0645\u062d\u0644\u064a\u0629 \u0633\u0644\u0637\u0629 \u0643\u062b\u064a\u0631 \u0645\u0646 \u0627\u0644\u062c\u0647\u0627\u062a \u0627\u0644\u062a\u0646\u0638\u064a\u0645\u064a\u0629.<\/p>\n

\u0627\u0644\u062c\u0645\u064a\u0639 \u064a\u0631\u0642\u0645\u0646 \u0627\u0644\u0625\u062c\u0631\u0627\u0621\u0627\u062a. \u0648\u0644\u0627 \u0623\u062d\u062f \u064a\u062a\u0646\u0627\u0632\u0644 \u0639\u0646 \u0627\u0644\u0633\u0644\u0637\u0629.<\/p><\/blockquote>\n

\u062a\u0642\u062f\u0651\u0645\u062a \u0627\u0644\u0623\u0631\u062c\u0646\u062a\u064a\u0646 \u0628\u0633\u0631\u0639\u0629: \u0627\u0644\u0642\u0631\u0627\u0631 \u0627\u0644\u0639\u0627\u0645 RG 1069\u060c \u0648\u0627\u0644\u0642\u0631\u0627\u0631 \u0627\u0644\u0639\u0627\u0645 RG 1081. \u062a\u0631\u0645\u064a\u0632 \u0627\u0644\u0639\u0642\u0627\u0631\u0627\u062a\u060c \u0648\u0627\u0644\u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u0627\u0633\u062a\u0626\u0645\u0627\u0646\u064a\u0629 (fideicomisos)\u060c \u0648\u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631\u060c \u0648\u0627\u0644\u0622\u0644\u0627\u062a\u060c \u0648\u0627\u0644\u0641\u0648\u0627\u062a\u064a\u0631. \u0644\u0643\u0646 \u0641\u064a \u0627\u0644\u0646\u0647\u0627\u064a\u0629\u060c \u0644\u0627 \u064a\u0632\u0627\u0644 \u0643\u0627\u062a\u0628 \u0627\u0644\u0639\u062f\u0644 (escribano) \u0647\u0646\u0627\u0643\u060c \u0648\u0644\u0627 \u064a\u0632\u0627\u0644 \u0627\u0644\u0623\u0645\u064a\u0646 (fiduciario) \u0647\u0646\u0627\u0643\u060c \u0648\u0644\u0627 \u062a\u0632\u0627\u0644 Caja de Valores \u0647\u0646\u0627\u0643\u060c \u0648\u0644\u0627 \u064a\u0632\u0627\u0644 \u0627\u0644\u0635\u0643 \u0627\u0644\u062a\u0642\u0644\u064a\u062f\u064a \u0647\u0648 \u0635\u0627\u062d\u0628 \u0627\u0644\u0643\u0644\u0645\u0629 \u0627\u0644\u0641\u0635\u0644.<\/p>\n

\u0627\u0644\u0645\u0624\u0633\u0633\u0627\u062a \u0644\u0627 \u062a\u062e\u062a\u0641\u064a. \u0628\u0644 \u064a\u064f\u0639\u0627\u062f \u062a\u0634\u0643\u064a\u0644\u0647\u0627. \u0648\u0641\u064a \u0623\u062b\u0646\u0627\u0621 \u0625\u0639\u0627\u062f\u0629 \u062a\u0634\u0643\u064a\u0644\u0647\u0627\u060c \u062a\u064f\u0639\u0631\u0642\u0644.<\/p><\/blockquote>\n

\u0627\u0644\u0645\u0645\u0644\u0643\u0629 \u0627\u0644\u0639\u0631\u0628\u064a\u0629 \u0627\u0644\u0633\u0639\u0648\u062f\u064a\u0629 \u0644\u0627 \u062a\u0639\u0627\u0646\u064a \u0647\u0630\u0647 \u0627\u0644\u0645\u0634\u0643\u0644\u0629. \u0641\u0647\u064a \u0644\u0627 \u062a\u062d\u062a\u0627\u062c \u0625\u0644\u0649 \u0627\u0644\u062a\u0641\u0627\u0648\u0636 \u0645\u0639 \u0623\u062d\u062f.<\/strong><\/p>\n

\u0641\u064a 2026 \u0633\u062a\u0646\u0634\u0631 \u0627\u0644\u0645\u0639\u0627\u064a\u064a\u0631 \u0627\u0644\u062a\u0642\u0646\u064a\u0629\u060c \u0648\u0625\u0646 \u0634\u0627\u0621\u062a\u060c \u0633\u064a\u062a\u062d\u0648\u0644 \u0646\u0645\u0648\u0630\u062c \u00ablinked to official records\u00bb \u0627\u0644\u0642\u0627\u0626\u0645 \u0627\u0644\u064a\u0648\u0645 \u0625\u0644\u0649 \u0646\u0645\u0648\u0630\u062c \u064a\u0643\u0648\u0646 \u0641\u064a\u0647 \u0627\u0644\u0633\u062c\u0644 \u0627\u0644\u062d\u0643\u0648\u0645\u064a (ledger) \u0627\u0644\u0645\u0631\u062c\u0639 \u0627\u0644\u062a\u0634\u063a\u064a\u0644\u064a \u0627\u0644\u0631\u0626\u064a\u0633\u064a \u0644\u0644\u062d\u0642 \u0627\u0644\u0639\u064a\u0646\u064a.<\/p>\n

\u0623\u0645\u0627 \u0623\u0648\u0631\u0648\u0628\u0627 \u0641\u064a 2026 \u0641\u0633\u062a\u0638\u0644 \u062a\u0646\u0627\u0642\u0634 \u0645\u0627 \u0625\u0630\u0627 \u0643\u0627\u0646 \u064a\u0645\u0643\u0646 \u0625\u062f\u0631\u0627\u062c \u0628\u0635\u0645\u0629 \u0631\u0642\u0645\u064a\u0629 (hash) \u0641\u064a \u0645\u062d\u0631\u0631 \u062a\u0648\u062b\u064a\u0642\u064a \u062f\u0648\u0646 \u0623\u0646 \u064a\u0646\u0647\u0627\u0631 \u0627\u0644\u0646\u0638\u0627\u0645. \u0644\u0627 \u062a\u0635\u0646\u0639 \u0627\u0644\u0639\u0631\u0642\u0644\u0629 \u0647\u064a\u0626\u0629 \u0645\u0647\u0646\u064a\u0629 \u0648\u0627\u062d\u062f\u0629. \u0628\u0644 \u062a\u0635\u0646\u0639\u0647\u0627 \u0628\u0646\u064a\u0629 \u0645\u0624\u0633\u0633\u064a\u0629 \u0643\u0627\u0645\u0644\u0629 \u2014\u0627\u0644\u062a\u0648\u062b\u064a\u0642\u060c \u0648\u0627\u0644\u0633\u062c\u0644\u060c \u0648\u0627\u0644\u0633\u062c\u0644 \u0627\u0644\u0645\u0633\u0627\u062d\u064a\u060c \u0648\u0627\u0644\u0631\u0633\u0648\u0645\u060c \u0648\u0627\u0644\u0627\u062e\u062a\u0635\u0627\u0635\u0627\u062a \u0627\u0644\u0625\u0642\u0644\u064a\u0645\u064a\u0629\u060c \u0648\u0645\u0628\u0627\u062f\u0626 \u0627\u0644\u0631\u0647\u0646 \u0627\u0644\u0639\u0642\u0627\u0631\u064a\u2014 \u0635\u064f\u0645\u0651\u0645\u062a \u0643\u064a \u0644\u0627 \u062a\u062a\u063a\u064a\u0631 \u0627\u0644\u0645\u0644\u0643\u064a\u0629 \u0639\u0644\u0649 \u0646\u062d\u0648 \u0645\u0641\u0627\u062c\u0626.<\/p>\n

\u0647\u0630\u0627 \u0644\u064a\u0633 \u0633\u0628\u0627\u0642\u064b\u0627 \u062a\u0643\u0646\u0648\u0644\u0648\u062c\u064a\u064b\u0627. \u0625\u0646\u0647 \u062a\u0646\u0641\u064a\u0630 \u0645\u0624\u0633\u0633\u064a \u064a\u062c\u0631\u064a \u0641\u064a \u0627\u0644\u0648\u0642\u062a \u0627\u0644\u0641\u0639\u0644\u064a.<\/p><\/blockquote>\n

\u0627\u0644\u0625\u0647\u0627\u0646\u0629 \u0644\u064a\u0633\u062a \u0641\u064a\u0645\u0627 \u0644\u0627 \u0646\u0639\u0631\u0641 \u0641\u0639\u0644\u0647. \u0628\u0644 \u0641\u064a\u0645\u0627 \u0644\u0627 \u0646\u0633\u062a\u0637\u064a\u0639 \u0641\u0639\u0644\u0647 \u062f\u0648\u0646 \u0625\u0630\u0646 \u0645\u0646 \u0647\u064a\u0627\u0643\u0644 \u0623\u064f\u0646\u0634\u0626\u062a \u0644\u062a\u064f\u062f\u064a\u0645 \u0646\u0641\u0633\u0647\u0627.<\/p>\n

\u0628\u0627\u0644\u0637\u0628\u0639\u060c \u0644\u064a\u0633 \u0627\u0644\u062a\u0648\u062b\u064a\u0642 \u0647\u0648 \u0627\u0644\u0633\u0628\u0628\u060c \u0628\u0644 \u0647\u0648 \u062a\u0631\u0633 \u0622\u062e\u0631 \u0645\u0646 \u0627\u0644\u062a\u0631\u0648\u0633. \u0641\u0627\u0644\u0646\u0638\u0627\u0645 \u0641\u064a \u0645\u062c\u0645\u0644\u0647 \u0645\u0628\u0646\u064a \u0644\u0644\u062d\u0641\u0627\u0638 \u0639\u0644\u0649 \u0627\u0644\u0627\u0633\u062a\u0642\u0631\u0627\u0631\u060c \u0644\u0627 \u0644\u0627\u0633\u062a\u064a\u0639\u0627\u0628 \u0627\u0644\u0627\u0628\u062a\u0643\u0627\u0631 \u0627\u0644\u0647\u064a\u0643\u0644\u064a.<\/p>\n

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\u2013 \u0627\u0644\u062a\u0648\u062b\u064a\u0642 \u2013 \u0633\u062c\u0644 \u0627\u0644\u0645\u0644\u0643\u064a\u0629 \u0627\u0644\u0639\u0642\u0627\u0631\u064a\u0629 \u2013 \u0627\u0644\u0633\u062c\u0644 \u0627\u0644\u0645\u0633\u0627\u062d\u064a \u2013 \u0627\u0644\u0646\u0642\u0627\u0628\u0627\u062a \u0627\u0644\u0645\u0647\u0646\u064a\u0629 \u2013 \u0627\u0644\u0631\u0633\u0648\u0645 \u2013 \u0627\u0644\u0627\u062e\u062a\u0635\u0627\u0635\u0627\u062a \u0627\u0644\u0625\u0642\u0644\u064a\u0645\u064a\u0629 \u2013 \u0627\u0644\u0627\u062c\u062a\u0647\u0627\u062f \u0627\u0644\u0642\u0636\u0627\u0626\u064a \u0627\u0644\u0645\u0633\u062a\u0642\u0631 \u2013 \u0648\u0632\u0627\u0631\u0627\u062a \u0630\u0627\u062a \u0648\u0638\u0627\u0626\u0641 \u0645\u0648\u0631\u0648\u062b\u0629 \u2013 \u062a\u0648\u062c\u064a\u0647\u0627\u062a \u0623\u0648\u0631\u0648\u0628\u064a\u0629 \u0628\u062d\u062f \u0623\u062f\u0646\u0649 \u0645\u0634\u062a\u0631\u0643 \u2013 \u062a\u0634\u0631\u064a\u0639 \u0645\u062f\u0646\u064a \u062a\u0627\u0631\u064a\u062e\u064a \u2013 \u0627\u0644\u062d\u0635\u0631 \u0627\u0644\u0639\u062f\u062f\u064a \u0644\u0644\u062d\u0642\u0648\u0642 \u0627\u0644\u0639\u064a\u0646\u064a\u0629 \u2013 \u0627\u0644\u062d\u062c\u064a\u0629 \u0627\u0644\u0631\u0633\u0645\u064a\u0629 \u0627\u0644\u0645\u0641\u0648\u064e\u0651\u0636\u0629 \u2013 \u0645\u0628\u0627\u062f\u0626 \u0627\u0644\u0631\u0647\u0646 \u0627\u0644\u0639\u0642\u0627\u0631\u064a \u0627\u0644\u0645\u0648\u0631\u0648\u062b\u0629 \u0645\u0646 \u0627\u0644\u0642\u0631\u0646 \u0627\u0644\u062a\u0627\u0633\u0639 \u0639\u0634\u0631<\/p>\n

\u0648\u0647\u0630\u0647 \u0647\u064a \u0627\u0644\u062d\u0642\u064a\u0642\u0629 \u0627\u0644\u062a\u064a \u0644\u0627 \u064a\u0631\u064a\u062f \u0623\u062d\u062f \u0627\u0644\u0627\u0639\u062a\u0631\u0627\u0641 \u0628\u0647\u0627: \u0641\u064a \u0627\u0644\u0639\u0642\u062f \u0627\u0644\u0645\u0642\u0628\u0644\u060c \u0633\u062a\u0643\u0648\u0646 \u0627\u0644\u0645\u0644\u0643\u064a\u0629 \u0627\u0644\u0631\u0642\u0645\u064a\u0629 \u0643\u0627\u0645\u0644\u0629 \u062d\u064a\u062b \u0644\u0627 \u062a\u0639\u0631\u0642\u0644\u0647\u0627 \u0627\u0644\u0645\u0624\u0633\u0633\u0627\u062a\u2026\u060c \u0648\u0633\u062a\u0638\u0644 \u0627\u0646\u0639\u0643\u0627\u0633\u064b\u0627 \u0634\u0643\u0644\u064a\u064b\u0627 \u062d\u064a\u062b \u062a\u062d\u0645\u064a \u0627\u0644\u0645\u0624\u0633\u0633\u0627\u062a \u0646\u0641\u0633\u0647\u0627 \u0628\u0630\u0631\u064a\u0639\u0629 \u062d\u0645\u0627\u064a\u0629 \u0627\u0644\u0645\u0648\u0627\u0637\u0646.<\/p>\n

\u0645\u0631\u062d\u0628\u064b\u0627 \u0628\u0643\u0645 \u0641\u064a \u0627\u0644\u0639\u0627\u0644\u0645 \u0627\u0644\u062d\u0642\u064a\u0642\u064a. \u0647\u0646\u0627 \u0644\u0627 \u064a\u0641\u0648\u0632 \u0645\u0646 \u064a\u0628\u0631\u0645\u062c \u0623\u0641\u0636\u0644. \u0628\u0644 \u064a\u0641\u0648\u0632 \u0645\u0646 \u064a\u0645\u0644\u0643 \u0627\u0644\u0642\u062f\u0631\u0629 \u0627\u0644\u0645\u0624\u0633\u0633\u064a\u0629 \u0639\u0644\u0649 \u0627\u0633\u062a\u062e\u062f\u0627\u0645 \u0627\u0644\u062a\u0643\u0646\u0648\u0644\u0648\u062c\u064a\u0627 \u062d\u064a\u062b \u064a\u0647\u0645: \u0641\u064a \u0635\u0643 \u0627\u0644\u0645\u0644\u0643\u064a\u0629.<\/p>\n

\u0627\u0644\u0645\u0645\u0644\u0643\u0629 \u0627\u0644\u0639\u0631\u0628\u064a\u0629 \u0627\u0644\u0633\u0639\u0648\u062f\u064a\u0629 \u062a\u0645\u0644\u0643\u0647\u0627 \u0628\u0627\u0644\u0641\u0639\u0644. \u0648\u0623\u0648\u0631\u0648\u0628\u0627 \u0644\u0627 \u062a\u0632\u0627\u0644 \u062a\u0637\u0644\u0628 \u0627\u0644\u0625\u0630\u0646 \u0628\u0627\u0644\u0643\u0644\u0627\u0645.<\/p>\n

\u0627\u0644\u062f\u0644\u064a\u0644 \u0627\u0644\u0623\u062e\u064a\u0631\u061f \u0634\u0631\u0643\u0627\u062a Big Four \u0627\u0644\u0643\u0628\u0631\u0649 \u062a\u064f\u0635\u062f\u0631 \u0645\u0646\u0630 \u0639\u0634\u0631 \u0633\u0646\u0648\u0627\u062a \u0641\u0648\u0627\u062a\u064a\u0631 \u0627\u0633\u062a\u0634\u0627\u0631\u0627\u062a blockchain \u0644\u0647\u064a\u0626\u0627\u062a \u0627\u0644\u062a\u0648\u062b\u064a\u0642 \u0648\u0627\u0644\u0633\u062c\u0644\u0627\u062a \u0646\u0641\u0633\u0647\u0627 \u0627\u0644\u062a\u064a \u062a\u0639\u0648\u062f \u0641\u062a\u0643\u0628\u062d \u0627\u0644\u062a\u0628\u0646\u0651\u064a \u0641\u064a \u0645\u0631\u062d\u0644\u0629 \u00ab\u0627\u0644\u062c\u062f\u0648\u0649 \u0627\u0644\u0642\u0627\u0646\u0648\u0646\u064a\u0629\u00bb.<\/p>\n

\u0647\u0645 \u064a\u062a\u0642\u0627\u0636\u0648\u0646 \u062b\u0645\u0646 \u0627\u0644\u062a\u0642\u0631\u064a\u0631. \u0648\u0646\u062d\u0646 \u0646\u062f\u0641\u0639 \u062b\u0645\u0646 \u0627\u0644\u062c\u0645\u0648\u062f.<\/p><\/blockquote>\n

\u0625\u0646\u0647 \u062a\u0635\u0645\u064a\u0645 \u0645\u0624\u0633\u0633\u064a \u0645\u062a\u0639\u0645\u064e\u0651\u062f. \u0623\u0648\u0631\u0648\u0628\u0627 \u0644\u0627 \u062a\u0639\u0631\u0642\u0644 \u0644\u0623\u0646\u0647\u0627 \u0644\u0627 \u062a\u0639\u0631\u0641 \u0643\u064a\u0641 \u062a\u062a\u0642\u062f\u0645\u061b \u0628\u0644 \u062a\u0639\u0631\u0642\u0644 \u0644\u0623\u0646\u0647\u0627 \u0635\u064f\u0645\u0651\u0645\u062a \u0643\u064a \u0644\u0627 \u062a\u062a\u0642\u062f\u0645 \u0628\u0633\u0631\u0639\u0629.<\/strong><\/p>\n

\u0628\u0642\u0644\u0645 Antonio Tejeda Encinas<\/strong><\/a> \u0631\u0626\u064a\u0633 \u0627\u0644\u0644\u062c\u0646\u0629 \u0627\u0644\u0623\u0648\u0631\u0648\u0628\u064a\u0629 \u0627\u0644\u0623\u0645\u0631\u064a\u0643\u064a\u0629 \u0644\u0644\u0642\u0627\u0646\u0648\u0646 \u0627\u0644\u0631\u0642\u0645\u064a – CEA Digital Law<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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