Saturday, April 25, 2026

Oman News

Oman clarifies cryptocurrencies are not legal tender, warns against social media claims

The Central Bank of Oman (CBO) has issued a public alert cautioning against the use of cryptocurrencies, stressing that they are neither legal tender nor officially recognized in the Sultanate.

TAS News Service

info@thearabianstories.com

Saturday, April 25, 2026

MUSCAT – In a statement addressing reports circulating on social media, the CBO clarified that cryptocurrencies are not guaranteed by the bank and carry no legal standing within Oman’s financial system.

The bank stated that this position is in line with the provisions of Banking Law No. 2025/2, which governs financial activities in the country. It further noted that cryptocurrencies remain unregulated and are not recognized as a payment method under the National Payment Systems Law No. 2018/8.

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