Sudan Central Bank Issues Warnings Against Crypto Use

The Central Bank of Sudan (CBOS) said that cryptocurrencies contain financial crimes and high risks and warned against its use.

In the statement made by the Central Bank of Sudan on March 27, it was stated that the country’s economy was in trouble. high risks warns against the use of cryptocurrencies was said to exist.

In the news of Sudan’s local news organization SUNA, except for the high risks of cryptocurrencies, used in financial crimes specified. In addition, according to the news made by SUNA, the use of crypto money in the country increase is not yet known. also on the internet Encourage cryptocurrency trading increased was noticed.

CBOS said in a statement that cryptocurrencies are regulated in the country. as money or property not classified and may have legal troubles told.

Inflation has been on the rise since the military coup in Sudan in October 2021. increased by 360% is stated.

Alex Gladstein, chief strategy officer of the Human Rights Foundation, said in a statement on the subject, “What is happening in the country? economic crisis due to cryptocurrencies It was a warning to people.” said.

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