Dubai: The UAE Central Bank warned on Monday about the use of “digital coin”, saying it did not issue a license to allow the currency in the local market.!
he statement comes after Bitcoin, one of the cryptocurrency, hit a record high of $6,148 on Saturday. At 4.10 pm, Bitcoin traded at $5,899.81, down 1.46 per cent.
Bitcoin prices fell to a low of $3,000 in September, when Jamie Dimon, chief executive of JP Morgan called it a “fraud.”
The total market cap stood at $98 billion, equal to that of Kraft Heinz or Honeywell.
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