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FIMSA talks risks of using cryptocurrency in Azerbaijan

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Baku, Azerbaijan, May 17

By Anvar Mammadov - Trend:

It is necessary to create law-regulating operations with cryptocurrencies in Azerbaijan, Ibrahim Alishov, chief executive director of Azerbaijan’s Financial Market Supervisory Authority (FIMSA), said May 17 in Baku at a conference titled “New Trends in Financial Technologies: Blockchain, Cryptocurrencies and Security.”

He noted that the use of cryptocurrencies creates certain risks to Azerbaijan’s security, and the formation of the law on cryptocurrencies will make it possible to avoid risks associated with their use.

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