In response to an increasing number of questions and guidance requests from financial institutions regarding digital currency trading, the Financial Regulatory Commission (FRC) issued a statement saying that there is no sufficient legal or regulatory framework in regard to digital currency trading in Mongolia, confirming its previous stance on the issue.
According to the statement, the FRC has been strictly observing global tendencies toward digital currencies and conducting legal research and computations. The FRC warns individuals to be aware of potential fraud and to be aware of the potential for losses.
In response to an increasing number of questions and guidance requests from financial institutions regarding digital currency trading, the Financial Regulatory Commission (FRC) issued a statement saying that there is no sufficient legal or regulatory framework in regard to digital currency trading in Mongolia, confirming its previous stance on the issue.
According to the statement, the FRC has been strictly observing global tendencies toward digital currencies and conducting legal research and computations. The FRC warns individuals to be aware of potential fraud and to be aware of the potential for losses.