Baku, Azerbaijan, Aug. 30
By Anvar Mammadov – Trend:
Baku Stock Exchange (BSE) has no plans to carry out cryptocurrency operations in the near future, a source in the BSE told Trend.
“Today, cryptocurrency is not widely used in Azerbaijan, so there is no demand for cryptocurrency transactions through the stock exchange,” according to the source.
“This issue is not included in the nearest plans of the BSE, since cryptocurrencies are not so popular in Azerbaijan as, say, in neighboring Russia,” the source noted. “Nevertheless, some cryptocurrency operations are executed in Azerbaijan, but their volume is insignificant.”
The source added that to date, the BSE has mainly focused on implementation of ongoing projects on currency trading.
“First, it is necessary to fully implement the ongoing currency trading projects and see what results they yield,” said the source. “After that, if there is big demand, it will be possible to consider the cryptocurrency trading.”