According to local reports: Mr. Rustamov said that the CBI does not recognize cryptocurrencies as a valid means of payment, and This President of Azerbaijan's Central Bank Elman Rustamov has been described as the condition of the nation [the conservative] about cryptocurrencies. The purpose of these central banks is to develop a legislative infrastructure before applying technology.
This Mr. Rustamov addressed Cryptocurrencies during the budget talks during the last month in the African Parliament.
The Central Bank of Azerbaijan May Develop Blockchain Technology
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