14.11.2018 14:42
YEREVAN, November 14. /ARKA/. Armenia’s Central Bank supports the use of blockchain technologies, but is cautious when it comes to the issue of cryptocurrency, the head of the Central Bank Artur Javadyan said on Tuesday in parliament.
According to him, the central banks around the world have a common approach concerning the use of separate cryptocurrencies. He said also that the latest G20 and G7 summits issued instructions to relevant authorities, including those fighting against money laundering, to regulate this market by law.
"The position on cryptocurrencies is still negative, because the risks are great. The point is not about mining, as mining is the production of cryptocurrencies. The point is about creating exchanges and implementing ICO, which may have an element of financial pyramids," he said.
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