Tag: UAE Central Bank

UAE Central Bank Issues Statement on Digital Currency

Up to this point, there wasn’t much information available on the status of Bitcoin in the Middle East, yet that has since changed. Not long ago, the central bank of the United Arab Emirates issued a warning regarding the risks associated with using digital currencies as a medium of exchange due to issues involving volatility, money laundering, and speculation. Governor of the UAE Central Bank speaks out According to Gulf News, Mubarak Rashid al-Mansouri, …
[Read More]