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[size=52]Securities warn against trading digital currencies[/size]
- Today 10:45
Information/Baghdad..
The Securities Commission warned against the trading of digital currencies in Iraq, noting that there are 9,000 currencies in the world.
Waddah Al-Taha, a member of the Authority’s Council, stated to the official newspaper that “digital currencies are virtual, created by individuals, and not by an entity authorized by governments, and they are based on unsubstantiated assumptions, whether they are currencies, gold, or other assets.”
He added, "The existence of digital currencies depends on scarcity, such as Bitcoin, of which there are 21 million pieces. Acquiring them requires solving a puzzle to access them, or using mining or logarithms, and they consume a lot of electrical energy."
Al-Taha pointed out that “adopting such assets to exchange goods using cryptocurrencies is a dangerous gesture the more they are adopted, but they have been imposed in one way or another on countries or companies, and are not determined by influential parties, whether the United States, China, or other major economies,” noting that There must be rules for these currencies, not the door opened wide.” Ended/25
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The Securities Commission warned against the trading of digital currencies in Iraq, noting that there are 9,000 currencies in the world.
Waddah Al-Taha, a member of the Authority’s Council, stated to the official newspaper that “digital currencies are virtual, created by individuals, and not by an entity authorized by governments, and they are based on unsubstantiated assumptions, whether they are currencies, gold, or other assets.”
He added, "The existence of digital currencies depends on scarcity, such as Bitcoin, of which there are 21 million pieces. Acquiring them requires solving a puzzle to access them, or using mining or logarithms, and they consume a lot of electrical energy."
Al-Taha pointed out that “adopting such assets to exchange goods using cryptocurrencies is a dangerous gesture the more they are adopted, but they have been imposed in one way or another on countries or companies, and are not determined by influential parties, whether the United States, China, or other major economies,” noting that There must be rules for these currencies, not the door opened wide.” Ended/25
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