Regulatory Alerts2021-01-01
Circular No. 141/2021: Virtual Currencies
The Palestine Monetary Authority issued Circular No. 141/2021 to specialized lending institutions operating in Palestine. The directive explicitly reiterates the prohibition of engaging in any form of transaction or dealing with virtual currencies of all kinds. This measure aims to protect citizens' funds from fraud and mitigate risks associated with the use of these assets for illegal activities and operations.
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