Baku Stock Exchange Describes Development Of Cryptocurrency Market In Azerbaijan
Date
9/19/2024 5:20:30 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, September 19. Chairperson of
the Board of Baku stock exchange CJSC Ruslan Khalilov has weighed
in on the growth of the Cryptocurrency market in Azerbaijan,
Trend reports.
He stated at a press conference that such a market can develop
with more active development of the secondary stock market.
“At the moment there are no plans for the cryptocurrency market;
it is not a near-term prospect,” Khalilov said.
In Khalilov's opinion, the main market for digital products in
Azerbaijan needs to be strengthened before the country can make a
direct shift to them.
“In this regard, it is necessary to complete the implementation
of training programs and digital transformation programs,” Khalilov
stressed.
According to him, the relevant legislation will be prepared by
the Central Bank at a certain stage in the country, and only after
that, the market will react.
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