Bank of Ghana cautions public against SIDICOIN investment scheme

The Bank of Ghana (BoG) has said it has taken note of the impending launch of a cryptocurrency investment scheme named ‘SIDICOIN’.

The central bank cautioned the public that neither this investment scheme nor the promoters of the company have obtained the approval of the Bank of Ghana, to operate in the banking and payment services sector.

“The general public is advised to exercise caution with regards to trading in cryptocurrencies and other unregulated investments scheme,” a statement issued by the BoG on Wednesday April 27 said.

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