Central Bank of Jordan Blocks Financial Companies from Bitcoin

It was the Central financial institution of Jordan’ s (CBJ) turn to issue a digital foreign currency warning this week, advising the public of the risks associated with the use of the financial tools, and obstructing financial companies from engaging in bitcoin business.

“Recently, a global phenomenon associated with trading a virtual foreign currency called bitcoin became energetic around the world, ” the bank mentioned, adding:

“ CBJ seeks to protect citizens and the investors, simply by warning them that digital currencies are not legal tender and there is no obligation on any kind of central bank in the world or any government to exchange its worth for real money issued simply by them nor backed by fundamental international commodities or precious metal. ”

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