UAE central bank: will not approve any private cryptocurrency

According to GUIF NEWS news, on December 4th, the United Arab Emirates Central Bank (CBUAE) denied an article with the subject line "The governor of the United Arab Emirates central bank supports a private cryptocurrency trading platform". CBUAE said in a supplementary statement that its position on cryptocurrencies is "well-known" and that the central bank will not approve any private cryptocurrencies or schemes, nor issue any licenses in the UAE. According to CBUAE: "Private cryptocurrencies pose potential risks associated with price volatility, money laundering and terrorist financing."