The Central Bank of Samoa has issued a public statement, warning that cryptocurrencies are not recognized as legal tender in the country and are not issued or regulated by the bank.
In addition to them not being accepted as currency, the bank says, investing in them is “very risky and speculative in nature”.
“People who invest in any of the cryptocurrencies do so at their own risk,” the bank statement said. “There is no guarantee that cryptocurrencies will be accepted as a medium of exchange, or will hold their value. The Central Bank does not currentl...
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