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The Central Bank of Iraq confirms that it will not grant a license to any encrypted digital currency
Friday 14 January 2022 11:15 | economic Number of readings: 252
Baghdad / NINA / - The Central Bank of Iraq has warned against the use of digital, encrypted and virtual currencies, stressing that no license is currently granted to any encrypted digital currency.
And the bank’s management stated, in a press statement, that it “closely follows up transactions in the digital, encrypted and virtual currency market, given the great risks associated with these currencies and their failure to be subject to any legal, regulatory or technical controls or legislation in Iraq.”
The Central Bank of Iraq warned against using it, to avoid any negative repercussions resulting from dealing with those currencies, which have high volatility and speculation in them, stressing that
"it does not guarantee such currencies and does not provide legal protection for those who deal in them and has not granted a license to any digital currency currently encrypted." / finished 5
