HomeLocal NewsBoG warns public against SIDICOIN investment scheme

BoG warns public against SIDICOIN investment scheme

By Benjamin Mensah

28/04/2022

124

The Bank of Ghana (BoG) has warned the public against the impending launch of a cryptocurrency investment scheme named ‘SIDICOIN’. According to the BoG, neither the investment scheme nor the promoters of the company have obtained the approval from the BoG to operate in the banking and payment services sector in the country.

“The general public is advised to exercise caution with regards to trading in cryptocurrencies and other unregulated investments schemes,” the notice dated 27^th April 2022 issued in Accra and signed by Secretary to BoG, Sandra Thompson warned.

Attached is the full statement from the BoG

Source: Ghana/Starrfm.com.gh/103.5FM/Isaac Dzidzoamenu

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