Central warns of dealing pal «configure»
Central warns of dealing pal «configure»
5/28/2014 0:00
Saleh: prevent circulation in Iraq, limiting the harm done as a currency, and fake
Baghdad – Mostafa Hashemi
decided to CBI prevent all banks authorized to deal in the currency of the (configure) that it did not come from a central bank, along with guaranteed suspicion of money laundering, warning at the same time of the sanctions to be taken against the handles and exposed to legal accountability.
and “Bitcoin” currency auction can be compared with other currencies such as the dollar or the euro, but with several differences in key, on top of which it is an electronic fully traded only online without a physicist her.
According to Encyclopedia (Wikipedia) it differs from the currency traditional lack of a regulatory body centralized behind it, but can be used like any other currency for purchase online or even converted into the currency of conventional.
In this context economist said the appearance of Dr. Mohammed Saleh: that any dealings between individuals can not be any single intervention where because the contract sunt servanda.
Saleh said in a statement (morning) that these transactions must not conflict with the law or with the norms, pointing out that the original is in the transaction and not the currency.
continued to coin the (configure) is a coin is handled by Online, adding that the central bank’s decision to prevent circulation could limit the damage that might arise from trading in that currency in Iraq being a fake or hypothetical.
his part, said a source at the bank said the decision to ban came to the fact that the currency not issued by a central bank and illegal and includes suspicion of money laundering, as well as use gambling online, as well as that these currency trading outside the powers of the monetary authority, referring to the possibility that the frequently traded in countries where the law and control weak.
central bank decided not to deal with this currency and in any way, and stressed that handles them exposed to legal sanctions.
, and is stated in Article 37 of the Law on the Central Bank for the year 2004 in paragraph freedom of criticism that he may be parties to a contract may agree to identify any coin cash to pay obligations, and may also pay any debts or legal obligations Bai currency cash to be agreed it as the currency of payment.
and the “bit Queen” is one of the first applications of the concept called currency encrypted, which has been described for the first time in 1998 by Wei Dai on the mailing list cypherpunks, based on the idea that money is no purpose, or any other type of records, are accepted as a means of payment for goods and services and pay off the debt of a country or socio-economic context, and is designed around the idea of a new body of money used encryption to control the production and transactions, rather than relying on central authorities.
in 2009, was published the first prototype and specifications to decide Quinn in mailing list a private encryption by registered user alias Satoshi Nakamoto, and approaching the end of 2010 leaving Satoshi project, saying that he moved to the other things.
and the originator to decide Quinn did not disclose his identity and never simply left his invention to the world, in June and July of 2011, won the “bit Queen” Suddenly, the media attention, which led to a massive turnout for purchase.
alsabaah.iq
