Don’t use cryptocurrencies, Lao central bank warns
VIENTIANE (Vientiane Times/ANN) – The Bank of the Lao PDR has warned commercial banks, businesses and members of the public not to buy, sell or use cryptocurrency for money transactions as this practice is illegal.
The central bank’s Transaction System Management Department recently issued the warning after learning that cryptocurrencies such as Bitcoin, Ethereum and Litecoin have been advertised for use on social media despite the fact that the central bank has banned the use of these currencies.
Souksakhone Vaenkeo
