[You must be registered and logged in to see this image.]
"Betcuen" is a virtual currency that the central bank prevents from dealing with
Baghdad / Zahraa al-Jassim
[You must be registered and logged in to see this link.]
"Betcuen" is a virtual currency that the central bank prevents from dealing with
Baghdad / Zahraa al-Jassim
The Central Bank of Iraq issued a warning three days ago to deal with the currency of Bitcoin, which is described as imaginary or hypothetical, stressing that dealing with this currency involves "several risks" calling for dealing with the clients in accordance with the provisions of the Money Laundering Law. What is this currency? What are the dangers of dealing with it?
"Petkween" is an unknown electronic currency in a virtual world and its sudden jumps continue to outweigh the economies of entire countries amid fears and warnings from international experts and institutions recently joined by Iraq.
This pseudo-virtual currency leads its operations Satoshi Nakamoto, an unknown figure whether a man, a mother, a group of people or a country hiding behind this character and possess the largest share of them to change the centers of power on the economic map of the world. It is strange that some well-known companies such as Titan Bitcoin are working to get them into reality in the form of coins of the same value and an ID of 8 digits, but even lose them the most important features is the confidentiality and speed and low fees that focus on the spread.
The bank said in a statement received (the extent) a copy of it, "The currency Bitcoin Bitcoin, involving several risks, may result from circulation, especially in relation to electronic piracy and fraud, Although there is no popularity within Iraq," stressing the need not to use , And called for subjecting dealers to the provisions of the Money Laundering Law No. (39) for the year 2015 and related laws in this regard.
Economic expert d. "The Central Bank is dealing with a limited number of known and internationally traded currencies and does not deal with all currencies," he said in an interview with Al-Mada. "It is not only that. We deal only with the currencies of major economic countries such as the dollar, the euro and the pound sterling The Japanese Yen and other currencies are known and respected in the international financial market. They carry out transactions and investments, have international reserves and manage foreign trade. Therefore, the prevention of dealing with such unknown currencies comes from the high risk they have. When we deal with a currency, Of the founder So as to be able to view the data of this institution and evaluate its policies, to avoid the very high risk of trading currencies unknown.
Despite the fact that the currency of the electronic "encrypted" electronic recorded rocket increases during the past days to rise from the level of 11 thousand and 500 dollars, so that has increased this year by more than one thousand percent, a fictional rate has not seen the world before any of the traditional currencies or Commodities traded on international exchanges. Dr. Breihi said that this currency, if recorded, is not yet an official body that has been issued. Those who deal with it now are definitely not countries, but speculators and speculators, so it is the case of Samco as an investment method. The currency of the home is not paper and coins, but digital electronic, in the sense that they are traded rights, and these rights registered in electronic documents and not paper documents, and this electronic digital currency exists in the virtual world, "Virgual", meaning that it is an anonymous currency.
"What is forcing the investor to deal with this currency with the risk inherent in it, with the existence of currencies known in the world and recognized and issued by the official financial institutions and institutions ,? "We in Iraq do not know yet whether they exist or not, because we do not deal with them officially, and the warning of the work by the Central Bank came as a virtual currency, and ways of movement electronic channels, and as long as it can reach anywhere In the world, therefore, it can enter Iraq.
Bloomberg, the US agency, has compared the market value of this encrypted currency to the economies of entire countries, showing that the volume of the currency "Petkwin" traded in the world today exceeds the size of the GDP of a country like New Zealand, the total size of its economy is 185 billion dollars , According to the World Bank's latest data, which means that New Zealand's gross domestic product is less than the size of the world's PeteCwin by about $ 5 billion.
This pseudo-virtual currency leads its operations Satoshi Nakamoto, an unknown figure whether a man, a mother, a group of people or a country hiding behind this character and possess the largest share of them to change the centers of power on the economic map of the world. It is strange that some well-known companies such as Titan Bitcoin are working to get them into reality in the form of coins of the same value and an ID of 8 digits, but even lose them the most important features is the confidentiality and speed and low fees that focus on the spread.
The bank said in a statement received (the extent) a copy of it, "The currency Bitcoin Bitcoin, involving several risks, may result from circulation, especially in relation to electronic piracy and fraud, Although there is no popularity within Iraq," stressing the need not to use , And called for subjecting dealers to the provisions of the Money Laundering Law No. (39) for the year 2015 and related laws in this regard.
Economic expert d. "The Central Bank is dealing with a limited number of known and internationally traded currencies and does not deal with all currencies," he said in an interview with Al-Mada. "It is not only that. We deal only with the currencies of major economic countries such as the dollar, the euro and the pound sterling The Japanese Yen and other currencies are known and respected in the international financial market. They carry out transactions and investments, have international reserves and manage foreign trade. Therefore, the prevention of dealing with such unknown currencies comes from the high risk they have. When we deal with a currency, Of the founder So as to be able to view the data of this institution and evaluate its policies, to avoid the very high risk of trading currencies unknown.
Despite the fact that the currency of the electronic "encrypted" electronic recorded rocket increases during the past days to rise from the level of 11 thousand and 500 dollars, so that has increased this year by more than one thousand percent, a fictional rate has not seen the world before any of the traditional currencies or Commodities traded on international exchanges. Dr. Breihi said that this currency, if recorded, is not yet an official body that has been issued. Those who deal with it now are definitely not countries, but speculators and speculators, so it is the case of Samco as an investment method. The currency of the home is not paper and coins, but digital electronic, in the sense that they are traded rights, and these rights registered in electronic documents and not paper documents, and this electronic digital currency exists in the virtual world, "Virgual", meaning that it is an anonymous currency.
"What is forcing the investor to deal with this currency with the risk inherent in it, with the existence of currencies known in the world and recognized and issued by the official financial institutions and institutions ,? "We in Iraq do not know yet whether they exist or not, because we do not deal with them officially, and the warning of the work by the Central Bank came as a virtual currency, and ways of movement electronic channels, and as long as it can reach anywhere In the world, therefore, it can enter Iraq.
Bloomberg, the US agency, has compared the market value of this encrypted currency to the economies of entire countries, showing that the volume of the currency "Petkwin" traded in the world today exceeds the size of the GDP of a country like New Zealand, the total size of its economy is 185 billion dollars , According to the World Bank's latest data, which means that New Zealand's gross domestic product is less than the size of the world's PeteCwin by about $ 5 billion.
[You must be registered and logged in to see this link.]
Today at 7:08 am by Rocky
» Ports Authority notes the fate of the five berths in the Grand Faw Port
Today at 7:03 am by Rocky
» MP: Why is the regional government fighting the civil banks war and leaving the core of the issue?
Today at 6:57 am by Rocky
» Political researcher: The amendment will include sovereign ministries
Today at 6:54 am by Rocky
» Retirement: End of service bonus paid to more than 7,000 retirees
Today at 6:50 am by Rocky
» Al-Mashhadani stresses the importance of the role of the Audit Bureau in combating administrative an
Today at 6:48 am by Rocky
» Al-Mashhadani and Al-Hakim discuss parliament’s approval of important laws
Today at 6:47 am by Rocky
» Parliamentary consensus to pass controversial laws soon
Today at 6:45 am by Rocky
» Currency Auction.. Increase in the Central Bank of Iraq’s sales of foreign remittances
Today at 6:43 am by Rocky
» Interior Ministry dismantles 600 drug networks, electronic passport to be introduced soon - Press co
Today at 6:41 am by Rocky
» utube 11/2/24 MM&C Report-Iraq 3 Presidents-National-Constitutional Entitlements-Open Market Operati
Today at 5:22 am by Rocky
» utube 11/5/24 MM&C MM&C News Report-ICC-Investors-RIYADA BANK-Port of Faw-3 Presidents Seated-Removi
Today at 5:20 am by Rocky
» Foreign Minister warns of major and dangerous economic repercussions
Today at 5:12 am by Rocky
» Roadmap for Reform
Today at 5:10 am by Rocky
» Government reshuffle looms over Al-Sudani’s cabinet.. The compass of change is heading towards 4 min
Today at 5:08 am by Rocky
» Parliamentary move to legalize foreign labor in Basra
Today at 5:07 am by Rocky
» Parliament intends to amend the retirement law and return the service age to 63 years
Today at 5:06 am by Rocky
» Parliamentary move to question a senior official and complete procedures against the Minister of Com
Today at 5:04 am by Rocky
» Legal expert explains the mechanism for forming the Kurdistan Regional Government
Today at 5:03 am by Rocky
» Silk Road imposes a state of maximum alert suddenly
Today at 5:01 am by Rocky
» Sheikh Raouf: There is an urgent need to find a constructive, corrective opposition in Kurdistan
Today at 5:00 am by Rocky
» Green light from Baghdad to build the first waste recycling plant in eastern Iraq
Today at 4:59 am by Rocky
» MP: Al-Mashhadani discussed 3 important files with parliamentary blocs
Today at 4:58 am by Rocky
» MP: Al-Mashhadani's election will not affect the completion of legislation
Today at 4:56 am by Rocky
» Parliamentary Oil: Investment in associated gas in fields exceeds 60%
Today at 4:54 am by Rocky
» IMF: Foreign investment outperforms sovereign funds in generating growth in Gulf
Today at 4:52 am by Rocky
» Categories exempted from the curfew in the population census.. Get to know them
Today at 4:51 am by Rocky
» Kurdish investment trend in central and southern Iraq.. What are the reasons?
Today at 4:50 am by Rocky
» Iraq exports more than 6 million barrels of oil to America in a month
Today at 4:49 am by Rocky
» The Private Banks Association supports the Prime Minister’s directives to localize private sector em
Today at 4:47 am by Rocky
» Parliamentary confirmation to support financial oversight in combating corruption
Today at 4:46 am by Rocky
» Next Sunday.. Celebrating Baghdad Day
Today at 4:44 am by Rocky
» Sayyid Sistani's commandments
Today at 4:43 am by Rocky
» New services for health insurance subscribers
Today at 4:42 am by Rocky
» Al-Sudani directs ministries to leave (cash)
Today at 4:41 am by Rocky
» Mr. Sistani sets a roadmap for Iraq’s prosperity
Today at 4:40 am by Rocky
» OPEC+ postpones production increase
Today at 4:37 am by Rocky
» Government Advisor to {Sabah}: Turkish companies’ expertise has given them importance in implementin
Today at 4:36 am by Rocky
» The future of smart cities in Iraq is on the table for discussion
Today at 4:35 am by Rocky
» Expectations of achieving agricultural self-sufficiency within 3-5 years
Today at 4:34 am by Rocky
» Ministry of Agriculture: Launches the Electronic Inquiry System Service
Today at 4:32 am by Rocky
» Electricity contract employees demonstrate in Maysan to demand permanent employment
Today at 4:31 am by Rocky
» The Council of Ministers holds its regular session headed by Al-Sudani
Today at 4:29 am by Rocky
» Iraqi oil exports to America amounted to more than 6 million barrels during the past month
Today at 4:28 am by Rocky
» Launching the major national campaign to raise awareness of the Social Security Law
Today at 4:27 am by Rocky
» Private Banks Association: We support the Prime Minister’s directives to localize private sector emp
Today at 4:26 am by Rocky
» Parliamentary Committee: The Social Security Fund has become sovereign and the legislation of the la
Today at 4:25 am by Rocky
» Britain launches programme inside Iraq to combat 'Kurdish human trafficking gangs' in France
Today at 4:23 am by Rocky
» Warnings of delay in forming the regional government: will push regional and international parties t
Today at 4:21 am by Rocky
» Dollar prices rise again in Baghdad Stock Exchange and Exchanges
Today at 4:20 am by Rocky
» Al-Sudani praises the assistance provided by the United Nations mission to Iraq in facing challenges
Today at 4:18 am by Rocky
» The Private Banks Association announces its support for Al-Sudani’s approach to localizing private s
Today at 4:17 am by Rocky
» Interior: We have achieved a very significant decrease in crime rates across the country
Today at 4:16 am by Rocky
» The Private Banks Association announces its support for Al-Sudani’s approach to localizing private s
Today at 4:14 am by Rocky
» Iraq, Saudi Arabia sign MoU for military cooperation, boost bilateral ties
Today at 4:12 am by Rocky
» Transportation: Direct flights to 4 global cities
Today at 4:11 am by Rocky
» Prime Minister stresses importance of Mr. Sistani's diagnosis of Iraq's needs
Today at 4:09 am by Rocky
» “To enhance national security”.. Parliamentary Committee: Intelligence Service Law is ready to be pr
Today at 4:08 am by Rocky
» Optimism for a bountiful agricultural season.. Kurdistan Region records record high rainfall amounts
Today at 4:06 am by Rocky
» Al-Sistani’s “Seven Commandments” occupy Iraqi politics.. A reading of the position of the authority
Today at 4:05 am by Rocky
» As the date approaches, will Article 140 hinder the population census?
Today at 4:04 am by Rocky
» Prime Minister directs unification of efforts in the Iraqi Media Network
Today at 4:03 am by Rocky
» “Framework” coups with Sunni facades on the map of local governments in preparation for the 2025 ele
Today at 4:02 am by Rocky
» Parliament intends to extend the legislative session for a month
Today at 4:01 am by Rocky
» Difficult tests facing Parliament.. What are the scenarios for the remainder of the current session?
Today at 4:00 am by Rocky
» Parliamentary Security: Iran will launch a new strike against “Israel” within a short period.. What
Today at 3:59 am by Rocky
» Barzani to Romanowski: We have started negotiations to form the tenth government and no veto on any
Today at 3:58 am by Rocky
» Al-Sudani directs the localization of private sector salaries and sets a date for the departure of c
Today at 3:57 am by Rocky
» Bakhtiar Haji meets a delegation from the General Directorate of Civil Defense in the Kurdistan Regi
Today at 3:56 am by Rocky
» New Cities Authority sets timeframes for project completion, reveals details of its services
Today at 3:54 am by Rocky
» Oil announces completion of drilling and rehabilitating 15 wells during the past month
Today at 3:53 am by Rocky
» Ministerial Council for Economy: Taking the necessary measures and decisions that contribute to mark
Today at 3:52 am by Rocky
» Parliamentary Legal: There is a trend to extend the legislative term of Parliament
Today at 3:50 am by Rocky
» What is the truth about extending the legislative term of the House of Representatives?
Today at 3:48 am by Rocky
» The "Freedom of Demonstration" Law is Ready for Voting.. How Was It Amended?
Today at 3:46 am by Rocky
» Mr. Al-Sadr on the US elections: It is shameful for an Arab to pin his hopes on a senile or insane p
Today at 3:42 am by Rocky
» Laws stuck hostage to disputes between blocs
Today at 3:41 am by Rocky
» Doubts after the decline in power supply at the beginning of each month.. Is there a deal between ge
Today at 3:37 am by Rocky
» Integrity and the Financial Supervision Bureau agree to activate the cooperation agreement between t
Yesterday at 5:06 am by Rocky
» Al-Mashhadani faces 170 suspended laws.. Will they be approved or deported?
Yesterday at 5:04 am by Rocky
» Parliamentary demands to cancel the security agreement with Washington
Yesterday at 5:02 am by Rocky
» MP: Oil derivatives smuggling has decreased by 80% in Iraq
Yesterday at 5:00 am by Rocky
» After years of controversy, the Minority Protection Act is submitted for the first reading
Yesterday at 4:59 am by Rocky
» Al-Sayhoud: The ministerial reshuffle is useless for several reasons
Yesterday at 4:58 am by Rocky
» Iraqi government makes changes to the General Secretariat: Al-Juhaishi succeeds Al-Halbousi
Yesterday at 4:56 am by Rocky
» Extension of the legislative term of the Iraqi parliament for an additional month to pass laws
Yesterday at 4:55 am by Rocky
» Prime Minister: The necessity of strengthening Iraq's position to be at the forefront of the region'
Yesterday at 4:52 am by Rocky
» Parliamentary Transportation: We are determined to pass the Civil Aviation Authority Law
Yesterday at 4:50 am by Rocky
» Baghdad Council: Study of the reality of companies applying to implement projects
Yesterday at 4:49 am by Rocky
» Water Resources announces its control over the oil slick in the Tigris River
Yesterday at 4:48 am by Rocky
» Reconstruction: A new government vision for distributing serviced lands among those entitled to them
Yesterday at 4:47 am by Rocky
» Parliamentary Immigration Committee demands increasing the amount of the return grant
Yesterday at 4:44 am by Rocky
» Accreditation of specialized graduates to support quality control
Yesterday at 4:42 am by Rocky
» Heritage markets and buildings in Mosul after its reconstruction
Yesterday at 4:41 am by Rocky
» Specialized committee to ensure acceptance of cybersecurity outputs
Yesterday at 4:40 am by Rocky
» The Ministry of Interior issues mechanisms to regulate the work of private security companies
Yesterday at 4:39 am by Rocky
» Baghdad Council: Study of the reality of companies applying to implement projects
Yesterday at 4:38 am by Rocky
» Welcome to the trends of establishing an administrative capital
Yesterday at 4:36 am by Rocky
» Securities trade more than 88 billion shares
Yesterday at 4:34 am by Rocky