Mongolbank’s recognition of Cryptocurrency

N. Bayartsaikhan, the President of Central Bank opened up about the recognition of cryptocurrency in Mongolia. He elucidated about the formation of a working group which will evaluate the risks of cryptocurrencies. He added about the worrisome factor that people invest their hard earned money on cryptocurrencies which experiences uncertain market situation. He warned “to exercise extreme caution” considering “risk factors” while purchasing unregulated products.

 

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