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Mongolia Allows Cryptocurrency, Permission Given to Mobile Operator

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Fri, 28/09/2018 - 12:49
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Mongolia Allows Cryptocurrency, Permission Given to Mobile Operator
Cover image via U.Today
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On Friday, Sept. 28, Mongolia’s central bank permitted the mobile phone operator Mobicom to issue its own cryptocurrency.

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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.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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