It added that it did not give permissions to any quarter to legalize the use of such coins, pointing out that a call by some investors to deal with such coins to make profits is part of deception which is punishable by law.
Bitcoin jumped as much as 8% on Monday and was on course to snap five straight days of losses, though the cryptocurrency has slumped almost a fifth from its all-time high hit earlier this month.
Asian shares hovered near 1-1/2 week highs on Monday helped by expectations monetary policy will remain accommodative the world over, while COVID-19 vaccine rollouts help ease fears of another dangerous wave of coronavirus infections.
CBE indicated in a statement, Sunday, the high risk involved in dealing in these currencies where it is dominated by instability and extreme volatility in the value of its prices.
That's a big change in a market worth about $120 billion where bitcoin worth several billions dollars are created every year.
The crypto market, associated by many with the dark web, money laundering and the Wild West, is beginning to be discussed by financiers in the same breath as derivatives, hedging instruments and compliance.
Bitcoin burst to its highest level in almost five months on Tuesday, sending smaller cryptocurrencies up.
The world’s biggest cryptocurrency was last as $3,970.04 on the Bitstamp platform, after being mauled in a broad sell-off in cryptocurrencies over the last two weeks. It has lost more than 70 percent of its value this year.
Bitcoin slumped to a new 13-month low on Monday, with the biggest cryptocurrency touching $5173.23 on the Bitstamp platform BTC=BTSP.
S&P 500 futures ESc1 turned higher, rising 0.3 percent and pointing to possible gains on Wall Street after major U.S. indexes closed lower Tuesday.
Looking for a new way to give money to charity as part of Ramadan? A mosque in Britain’s capital is willing to receive your donation - in bitcoin.
Blockchain may not be the most glamorous new star at the Cannes festival but experts touting the technology say it will rock the world of film.
German Radoslav Albrecht has founded an online bank that allows clients to transfer loans anywhere in the world using Bitcoin.
The range is formed by the 61.8 percent and the 50 percent projection levels of a downward wave C from $9,188.
growing number of internet companies are banning cryptocurrency advertising, fearing reputational damage if their users are duped or left penniless.
Cryptocurrencies such as Bitcoin are failing as a form of money and have shown clear signs of being a financial bubble, but their technology could improve the financial system in future.
Is the Future of Cryptocurrencies Gold or Dust?’ was the theme of a breakout session held on day three of the sixth World Government Summit (WGS 2018) in Dubai.
Qatar’s Central Bank warned financial institutions including banks not to trade in bitcoin or any other cryptocurrency.
Bitcoin rallied from three-month lows below $6,000 in choppy trading on Tuesday.
Bitcoin slid another 13 percent to below $6,000 on Tuesday, bringing the world’s best-known cryptocurrency’s losses to more than half since the start of 2018.