PSA has been Issued By Central bank of Rwanda On Crypto Scams

The National Bank of Rwanda has issued a public service announcement (PSA) on alleged cryptocurrency scams. The central bank focuses it attention towards initial coin offerings (ICO) scams and crypto-based Ponzi schemes related scams, which purport to offer a quick and significant return on investment for early adopters. This move is to safeguard investors and public, a survey reveals that over 80% of ICOs in Rwanda during the previous year were scams.

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