Abu Dhabi: The UAE Central Bank (CBUAE) denies allegations claiming that it had endorsed a private “cryptocurrency platform”.
The UAE monetary regulatory authority issued a statement refuting the allegations which featured in an article published on a "potentially fraudulent website", claiming that the CBUAE Governor had approved the digital platform.
"The Central Bank does not approve any private cryptocurrencies or schemes, and has not issued any licences in the UAE," said that the statement, stressing the potential risks of private cryptocurrencies which may be related to volatility, money laundering and terrorist financing, Khaleej Times reported.
&uuid=(email))