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Cautionary Notice on the Use of Cryptocurrencies<img alt="" src="https://publishing.bnet.om/sites/assets/PublishingImages/English/News/newscurrapt.jpg" style="BORDER:0px solid;" />10/5/2020 8:00:00 PMCautionary Notice on the Use of Cryptocurrencies​Central Bank of Oman, is once again cautioning Citizens and Residents from the use, holding and trading of Crypto Currencies (such as Dagcoin), <p style="text-align:justify;">​Central Bank of Oman, is once again cautioning Citizens and Residents from the use, holding and trading of Crypto Currencies (such as Dagcoin), and the potential financial, operational, legal, customer protection and security related risks that are associated with such schemes.</p><p style="text-align:justify;">The Central Bank of Oman advises that it has not given any licence / authorization to any entity / company to operate such schemes or deal with Crypto currency or any similar Virtual Currencies. The creation, trading or usage of Crypto Currencies are neither guaranteed by the Central Bank of Oman nor protected by the Banking Law 114/2000 as a legal tender money.</p><p style="text-align:justify;">Holding or Trading of Crypto currency pose several risks to their users, including permanent loss of the investment held by them due to its high volatility in value or becoming a victim of fraud. Anyone dealing in such cryptocurrencies and similar products will be doing so at their own risk and responsibility.</p>0x010100C568DB52D9D0A14D9B2FDCC96666E9F2007948130EC3DB064584E219954237AF3900075E4FF44B3F64489802BE694C5C6FB701001A1EADFFD0CD66409B1A45E335F4666A

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