• Our products
  • Trend Media Service
  • News terminal

Media service

  • Trend Media Service

For clients

  • How to subscribe
  • Instant paid access
  • Support service

Ads placement

  • Banner platforms on the website

Company

  • About company
  • Vacancies

Communications

  • Reference
  • Achievements

Trend in social networks

  • Facebook
  • Twitter
  • Youtube
  • Telegram
  • RSS
  • IOS
  • Android

Our services

  • Trend News Terminal
  • Trend Daily News
  • Caspian Oil & Gas Trend’s
  • Monthly Azerbaijan Business Monitoring
  • Weekly Azerbaijan Business Monitorings
  • Caspian, Turkey Building & Logistics Monitoring
  • Azerbaijan Energy Projects Review
  • Trend Banking Analytics
  • Iran Energy Economy Review
  • Central Asia Economic Business Monitoring
  • Weekly Tenders Report
  • Azerbaijan non-oil Review
  • Azerbaijan Monthly IСT Monitoring
  • Regional Finances

Media

  • Trend Politics
  • Trend Society
  • Trend Economy
  • Trend Energy
  • Trend ICT
  • Trend Tourism
  • Trend Culture

Contacts

  • Bakhtiyar Vahabzade Str., 14, Baku, Azerbaijan, AZ1141.
  • sales@trend.az
  • + 994 12 437-12-68
ORDER TRIAL VERSION
  • RU
  • AZ
  • EN
  • TR
  • FA
  • Login
  • Sign up
Trend.Az
  • Latest
  • Azerbaijan
    • Politics
    • Business
    • Nagorno-Karabakh conflict
    • Society
    • Other News
  • Business
    • Oil&Gas
    • ICT
    • Economy news
    • Tenders
    • Tourism
  • Iran
    • Nuclear Program
    • Politics
    • Business
    • Society
  • Central Asia
    • Kyrgyzstan
    • Kazakhstan
    • Turkmenistan
    • Tajikistan
    • Uzbekistan
  • South Caucasus
    • Armenia
    • Georgia
  • World
    • Turkey
    • Europe
    • US
    • Russia
    • Israel
    • China
    • Arab World
    • Other News
  • Analysis
  • Latest
  • Azerbaijan
    • Politics
    • Business
    • Nagorno-Karabakh conflict
    • Society
    • Other News
  • Business
    • Oil&Gas
    • ICT
    • Economy news
    • Tenders
    • Tourism
  • Iran
    • Nuclear Program
    • Politics
    • Business
    • Society
  • Central Asia
    • Kyrgyzstan
    • Kazakhstan
    • Turkmenistan
    • Tajikistan
    • Uzbekistan
  • South Caucasus
    • Armenia
    • Georgia
  • World
    • Turkey
    • Europe
    • US
    • Russia
    • Israel
    • China
    • Arab World
    • Other News
  • Analysis
  • Trend Photo
  • Home
  • Business
  • Economy news

CBA head comments on use cryptocurrency in Azerbaijan

21 November 2017 14:11 (UTC+04:00)
  • 0
  • 0

Baku, Azerbaijan, Nov. 21

By Anvar Mammadov – Trend:

The position of Azerbaijan’s Central Bank (CBA) with regard to cryptocurrency remains conservative, said Chairman of the country’s Central Bank (CBA) Elman Rustamov.

He made the remarks Nov. 21 during discussions of the 2018 state budget at the Azerbaijani parliament.

He said that the CBA does not consider cryptocurrency as an alternative means of payment.

“We think that cryptocurrencies continue to be a dangerous instrument for investing,” added Rustamov.

Speaking about the blockchain technology, the CBA head noted that this is a very advanced technology that can lead to changes in many sectors, including the financial one.

“The Central Bank intends to help in studying this technology and its future use in the financial and banking sector of Azerbaijan, and in the future in public services for the population. For this, we have already started negotiations with leading consulting companies. I think that at the first stage, we must create stable technological and legislative infrastructure, and then start introducing this technology,” added Rustamov.

Follow Trend on Telegram. Only most interesting and important news

  • Tags:
  • Central Bank of Azerbaijan
Azernews Newspaper
Related news
Central Bank of Azerbaijan increases protection against cyber attacks
ICT 19 April 11:48
Azerbaijan's Central Bank talks possible discount rate decline
Economy news 9 April 17:16
Azerbaijani Central Bank expecting high-level surplus of balance of payments
Economy news 9 April 16:48
Azerbaijani currency rates for April 5
Economy news 5 April 09:23
Gold, silver prices down in Azerbaijan
Economy news 4 April 10:37
Azerbaijani currency rates for April 4
Economy news 4 April 09:21
Azerbaijani currency rates for April 3
Economy news 3 April 09:26
Demand significantly exceeds supply at Azerbaijani Central Bank’s auction
Economy news 2 April 13:21
Azerbaijani currency rates for Apr. 2
Economy news 2 April 09:24
Silver price increases in Azerbaijan
Economy news 30 March 10:18
Azerbaijani currency rates for March 29
Economy news 29 March 09:24
Azerbaijan’s Central Bank renewing fire suppression systems
Tenders 28 March 10:34
Azerbaijani currency rates for March 28
Economy news 28 March 09:24
Azerbaijan's Central Bank to create digital identification system on blockchain technology
Tenders 27 March 16:39
Demand again exceeds supply at Azerbaijani Central Bank’s auction
Economy news 27 March 12:14
Azerbaijani currency rates for March 27
Economy news 27 March 09:31
Weekly review of Azerbaijani currency market
Economy news 17 March 10:19
Azerbaijan announces manat rate for March 14
Economy news 13 March 17:17
Most popular
Armenian protest leader to meet with Prime Minister Sargsyan
Armenian protest leader to meet with Prime Minister Sargsyan
Armenia’s criminal regime spreading false information - Azerbaijani defense ministry
Car production in Neftchala may stabilize Azerbaijani market: expert
Iran would talk prisoners if US shows respect: Zarif
Commentary
Protests in Armenia might again end in nothing

Protests in Armenia might again end in nothing

Ankara takes action against expected US sanctions
Why does Turkey need snap elections?
Azerbaijan to create better conditions for fintech companies
Trend.Az
  • About
  • Our Team
  • Our products
  • Trend Media Service
  • Info Service
  • News archive
Contacts
14, Bakhtiyar Vahabzade, Baku, Azerbaijan, AZ1141
+(994 12) 497-31-72
news@trend.az
+(994 12) 497-30-89
© 2018 Trend News Agency
Terms of use
  • counter