Lebanese Central Bank Governor Criticizes Bitcoin as “Unregulated” Commodities

Lebanese central bank Banque du Liban (BDL) Governor Riad Salameh has claimed that Bitcoin and other virtual currencies are “unregulated” commodities whose use should be prohibited. He also said that digital currencies will be ineffective as national currencies because they are just “commodities.”

At the opening ceremony of the 7th Corporate Social Responsibility Lebanon Forum in late October 2017, Salameh told participants that the BDL prohibited the use of the cryptocurrencies across Lebanon due to their nature resembling that of commodities. He further claimed that money will eventually be digitized in the future…

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