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CBL warns that dealing in virtual currencies such as Bitcoin are illegal in Libya

bySami Zaptia
May 17, 2018
Reading Time: 1 min read
A A

By Sami Zaptia.

 (Logo: Tripoli CBL).
(Logo: Tripoli CBL).

London, 17 May 2018:

The Tripoli-based Central Bank of Libya (CBL) has warned that ‘‘virtual currencies’’ such as Bitcoin, are illegal in Libya and that there is no ‘‘legal protection’’ for those using them.

In a statement issued Tuesday, the CBL warned that virtual currencies could be used for illicit activities, money laundering and financing of terrorism.

It also pointed out that any financial activity within Libya, including dealing in virtual currencies, needs prior licencing from the CBL.

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The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.

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Former ATIB bank Chairman Naaman Elbouri recalls his unjust kidnapping and detention – calls on CBL Governor to implement law against those unjustly accused

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