Central bank approves Regulation on Digital Currency

Economy
batchimeg@montsame.gov.mn
2018-04-23 16:22:33
Ulaanbaatar /MONTSAME/ The Central bank of Mongolia adopted  a Regulation on Digital Currency to create legal environment of coordination of digital currency and its activities which has been defined in the Law on National Payment System, and to protect customers through establishing safe and reliable digital currency system.

The regulation defines who will participate in digital currency system and how, process of getting permission, rights and duties of customers and service providers. It also expected to support further development of FinTech technology and payment system.  

B.Batchimeg