Monday 19 February 2018

GCC expected to issue cryptocurrency regulations soon- Emirates NBD official | ZAWYA MENA Edition

GCC expected to issue cryptocurrency regulations soon- Emirates NBD official | ZAWYA MENA Edition:

"The Gulf Cooperation Council (GCC) countries will come up with a regulatory framework for cryptocurrencies “very soon”, a top official from banking group Emirates NBD said on Monday.

Online trading in virtual currencies has surged over the past 12 months, with the value of some of the main cryptocurrencies experiencing high levels of volatility on fears of a potential regulatory crackdown.

As yet, however, these currencies are mainly unregulated in most parts of the world."



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