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CBJ issues warning against promoting, trading with crypto-currency

By JT - Nov 26,2019 - Last updated at Nov 26,2019

AMMAN — The Central Bank of Jordan (CBJ) on Tuesday warned against the promoting or trading of crypto-currency through social media websites. A CBJ statement pointed to the phenomenon of promoting crypto-currency such as “Dagcoin” through social media websites, the Jordan New Agency, Petra, reported.

The bank called on citizens to avoid trading in all kinds of crypto-currency due to the high risks it poses. These risks include frequent fluctuation of currency value, financial crimes, electronic hacking and loss of currency value, in addition to the legal risks of trading with crypto-currency.

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