Mongolia: Central Bank and the First Digital Currency

The largest telecom operator in Mongolia has received the license to issue its own digital currency. Mobifinance, which is a financial arm of Mobicom, is going to issue its own cryptocurrency, dubbed Candy, to investors. The bank executives have received the permission from the Central Bank of Mongolia.

The bank and the company representatives believe, that with the economy development, money and even cards will become past. And regarding the digital currency, they believe, that the processes of getting permissions, duties, rights and so on are to be defined.

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