Mongolia Allows Cryptocurrency, Permission Given to Mobile Operator

News
Fri, 09/28/2018 - 12:49
Paul Hackley
Mongolia’s central bank permitted the mobile phone operator Mobicom to issue its own cryptocurrency Mobifinance received the permission to issue the cryptocurrency
Cover image via U.Today

On Friday, Sept. 28, Mongolia’s central bank permitted the mobile phone operator Mobicom to issue its own cryptocurrency.

Mobifinance, the financial arm of Mobicom, received the permission to issue the cryptocurrency dubbed “Candy” at the event at the Bank of Mongolia headquarters on Friday. The central bank has recently approved the regulation on digital currencies.

“As digital currencies have begun to circulate, ATMs and cards will become a thing of the past as well,” Mobicom CEO Tatsuya Hamada commented on the accomplishment.

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About the author

Paul Hackley is a journalist and essayist, focusing on blockchain and cryptocurrencies, with a strong interest in the future of the technology.

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