Salameh: “We have also warned against the use of electronic money such as bitcoins.”(The Daily Star/Mohammad Azakir)
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Leading bankers called upon the Parliament Thursday to ratify e-commerce and cybercrimes laws for the protection of Internet users in Lebanon, following reports that millions of dollars were stolen by hackers.Salameh said that cybercrimes are very dangerous because they cannot be controlled within the boundaries of one country which requires serious efforts on the national and international levels. Banque du Liban Resolution 7548 mentions the minimum of precautionary procedures to be taken by a bank before accepting a transfer order.Salameh said that despite the lack of proper legislations in Lebanon, the country ranked in seventh place among 10 other countries in UNCTAD's report about the potential of e-commerce for developing countries. He added that Lebanon witnessed some improvement in the field of e-commerce whereby the Central Bank has secured a proper legislative environment while controlling the cost of such transactions and guaranteeing the protection of clients engaging in electronic banking operations. Salameh said that the Central Bank has already issued in the past two decades circulars to enhance and improve electronic money transfer operations in addition to transactions done through ATMs. He added that Circular 69 was issued by the Central Bank in the year 2000 to define electronic financial and banking operations and restrict these transactions to institutions registered with BDL. Other speakers warned that criminals hack and fish the email addresses of bank customers and using them to order transfers from a specific account without the client knowing anything about it.
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