Central Bank of Malawi Issues Warning On cryptos

The central bank of Malawi announced that crypto is not legal in the country and that the institution is against crypto-related activities. The Reserve Bank of Malawi (RBM) in its statement: “Cryptocurrencies are not legal tender in Malawi and do not represent a substitute to the Malawi kwacha (MWK), the local fiat currency of the southeast African country and also said that crypto is not legal and the state does not plan to recognize crypto investments in the country.”

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