Skip to content

Notice on prohibition of financial institutions within the country conducting business related to Cryptocurrency

Bank of the Lao PDR issued a notice on the prohibition of financial institutions from doing business related to CryptoCurrency including holding, doing business or engaging in the facilitation of financial transactions related to such currencies, such as: 1. Prohibit investing or trading in cryptocurrencies for the benefit of the currency 2. Prohibit the exchange of cryptocurrencies through various channels of its services; 3. It is forbidden to set up a trading center or as a medium for customers to enter into business; 3. Customers are not allowed to use any type of card as a credit card for purchases; 4. Do not give advice or advice to customers about investing or exchanging money.

Data Resources (1)

Data Resource Preview - Notice on prohibition of financial institutions within the country conducting business related to Cryptocurrency

Additional Info

Field Value
Geographic area (spatial range)
  • Lao People's Democratic Republic
Document reference # #382/CO
Issuing agency/parties
  • Bank of the Lao PDR
Language
  • Lao
Formal type of document Notice
Topics Banking and financial services policy and regulation
License

No license given

Copyright No
Status Signed and in effect
Adoption date/Enacted/Promulgation date/Signing date October 30, 2018
Effective/Enforced Date October 30, 2018
Publication reference Notice on the prohibition of financial institutions within the country conducting business related to Cryptocurrency,#382/CO,30.10.2018.
Links to source https://www.bol.gov.la/fileupload/14-05-2019_1557800175.pdf
Keywords cryptocurrency,digital trade
Date uploaded November 25, 2021, 09:25 (UTC)
Date modified November 10, 2022, 08:15 (UTC)