Maldives Monetary Authority (MMA) said that the Maldivian law does not allow for cryptocurrencies to be used for valid business transactions in the nation.
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(FILE) Governor of MMA Ali Hashim on August 22, 2021: MMA had announced in 2018 as well that buying and selling of cryptocurrencies will not be valid -- Photo: Ahmed Awshan Ilyas/ Mihaaru
Lamya Abdulla
2021-10-10 10:40:03
Maldives Monetary Authority (MMA) said that the Maldivian law does not allow for cryptocurrencies to be used for valid business transactions in the nation.
This announcement was made by the central bank while S Hotels that operates two resorts in Crossroads Maldives have said they will be using cryptocurrencies as payment of their services.
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