The global digital transformation process has increased interest in digital assets, especially cryptocurrencies and distributed financial solutions.

The statement came from the Central Bank of Azerbaijan (CBA) in response to APA-Economics' inquiry on the development of the trend in the country.

It was noted that despite the widespread interest in this area, the current level of crypto-education in Azerbaijan does not pose a threat to monetary policy and financial intermediation.

However, the CBA also said that cryptocurrencies are used mainly for investment purposes, so there is a sharp volatility in their value.

"Therefore, the Central Bank once again recommends users of cryptocurrencies to take into account the potential risks when investing in cryptocurrencies," the regulator said.