BAKU, Azerbaijan, December 3. The Central Bank of Azerbaijan (CBA) is working on a draft law regulating the activities of virtual assets and service providers on the assets, CBA representative, Gunay Mahmudova, said during the VIII International Banking Forum today, Trend reports.
"As part of the financial market development strategy for 2024-2026, work is underway on a draft law to regulate the activities of virtual assets and service providers related to them. Meanwhile, plans are underway to establish the necessary regulatory framework for distributed ledgers. In addition, the development of requirements for the functionality of banks in the context of IOS is also planned," she explained.
Will be updated