Oman Central Bank issues warning statement on cryptocurrencies

Image Credit: twitter @cbo
Image Credit: twitter @cbo

Muscat: Oman Central Bank (CB0) issues warning statement on cryptocurrencies.

The Central Bank of Oman issued a warning statement saying: “The Central Bank of Oman once again warns all citizens and residents against using digital currencies / cryptocurrencies / currencies such as Dagcoin and other currencies, stressing that they are fraught with high risks due to their great fluctuation in value and the risks of using them in electronic piracy and fraud.

The Central Bank of Oman confirms that it has not granted any license to any institution or body to trade in cryptocurrencies or similar products or to trade in them, also it is not guaranteed by the Central Bank of Oman as funds and is not subject to the protection of Omani Banking Law No. 114/2000.

Anyone who deals in these, he does so at his own risk. CBO said.

Image Credit: twitter @cbo
Image Credit: twitter @cbo

more recommended stories

Terms of Use:

  • This website Arabian Daily is an individual’s property, not used for any commercial or sales purposes. What you see here are one’s random thoughts in action. I, by no means, endorse any product or party through this, unless stated explicitly.
  • All work you will find here is copyrighted unless stated otherwise. No part of this work can be reproduced in any way with the exception of a) if you share our work, it should link back to this website; b) if you quote any part of our work, it should be properly credited to us with a link to this website.
  • All images used on this website have been taken from open source image websites on the Internet. If any of them are copyrighted to you and you want us to take them down or add credits, please feel free to contact us here, or by using the contact form on this page.
  • The views expressed on Arabian Daily are solely ours. They do not represent any party or any particular school of thought. This website does not promote racism in any form.
  • Privacy Policy:
    This website will respect the readers’ and the writer’s privacy. We do not sell any of their personal or contact information to another company. We do not put your information on spam lists. Also, and more importantly, we are not responsible for the privacy practices of any of our advertisers or website commenters.
  • Reserve Rights: We reserve the right to change the focus on this website, to shut it down, sell it or to change the terms of use at our own discretion.