Khartoum, March 27 (SUNA) - The Central Bank of Sudan (CBOS), within the framework of its supervisory role, warned citizens against dealing with all types of cryptocurrencies due to the high risks that it entails.
The central bank pointed out that this high risks, include among others, financial crimes, electronic piracy and the risk of losing their value, in addition to the legal risks that result from dealing with these currencies, as they are not classified as money or even private money and property in accordance with the legislation and regulations in force in the country, due to their lack of a material cover and the lack of issuance by authorized or accredited bodies that are legally bound by them.
The CBOS pointed out that the bank has recently noticed the widespread global spread of the phenomenon of promoting trading in cryptocurrencies through social networking sites.
BT/BT
