Central Bank of Samoa treats Crypto Promoters as Financial Institutions

Central Bank of Samoa treats Crypto Promoters as Financial Institutions

The Central Bank of Samoa has warned that the crypto promoters would be treated as financial institutions and that they would have to comply with the operational money laundering regulations. The bank statement elaborated, “This means it must have a valid business license issued in Samoa and is required to follow the Central Bank’s reporting requirements.”  

Leave a Reply

Your email address will not be published. Required fields are marked *