2021-12-16-Ulaanbaatar - The Parliament of Mongolia held a final discussion on the draft law on Virtual Asset Service Providers and approved the relevant law. Thus, Mongolia officially recognizes virtual assets.
The adoption of this law opens the door to an essential step in attracting foreign investment and diversifying the economy in Mongolia, bringing a new era of technology and laying the foundation for making a valuable contribution to the development of other sectors.
Ard Financial Group organized the first Crypto Nation event in Mongolia in 2017 and played a crucial role in increasing public awareness and knowledge about the crypto industry. We believe that when the regulation and solution of this sector throughout the world are not precise, the adoption of this law in Mongolia shows that we have taken the lead.
When the rest of the world is discussing how to regulate this, enacting a law on such service providers' registration is a correct and significant step. Congratulations to the members of the Parliament, the Legal Working Group, the Financial Regulatory Commission, the Bank of Mongolia, the Ministry of Justice, and the Virtual Property Owners of Mongolia who took part in this significant event in the history of our country's prosperity!
Companies in Ard Financial Group’s portfolio that are also listed on the Mongolian Stock Exchange:
- MSE: AARD (03260) Ard Financial Group (formerly Jinst Uvs/Investor Nation)
- MSE: AIC (05480) Ard Insurance
- MSE: ADB (05509) Ard Credit
- MSE: MNP (05412) Mongol Post
- MSE: XOC (4001) National Privatization Fund
- MSE: BUN (03089) Bulgan Undraga
- MSE:TNGR (04082) TenGerLeague Media Group
For more details, contact:
Ard Financial Group
HQ address: Central Tower 17th floor, Suhbaatar district, 8th horoo, Ulaanbaatar, Mongolia. w3w: animate.softest.screeches
Tel: +976 7700 3322, +976 7707 8181, +976 7707 8282
E-mail: info@ardholdings.com
Website: ardholdings.com
