Oman Central Bank launches cryptocurrency task force

He adds “ In order to firm up our policy response to the use of virtual assets, studies are underway at the national level headed by a Oman cryptocurrency task force team from financial regulators’ sector.”

He reiterated that the Central Bank of Oman had cautioned users and traders of crypto on the risks involved especially given the lack of customer protection mechanisms. He asserts that the Central bank wants to make sure all are protected before engaging in the regulation and permission or even banning of crypto.

Previously crypto brokerage platform, Easy Coins, had announced that it has launched its services in Oman. As mentioned in their press announcement, Easy Coins would allow residents of Oman to buy and sell cryptocurrencies locally. The platform is powered by Quantoz Blockchain Technology for financial services, and connectedChains and supported by ThawaniPay.As per their website, Easy Coins is the first non-custodial crypto provider in the Middle East. Their core philosophy is “ Not your keys, Not your Coins”