HomeCoinsBitcoin (BTC)Cuban Central Bank Issues Warning on the Rising Number of Crypto-Related Ponzi...

Cuban Central Bank Issues Warning on the Rising Number of Crypto-Related Ponzi Cases – Regulation Bitcoin News

- Advertisement -


Cuba has witnessed some exciting times in the last few months as far as nationwide digital currency acceptance, but the road toward this goal is still under construction. The country’s central bank recently issued a warning about the rising number of cryptocurrency-related scam cases across the island.

Alleged Crypto Scams Are Mentioned in the Alert

According to the notice published by the Banco Central de Cuba, citizens should be aware of the Ponzi schemes hiding under legit-looking digital asset investments. The schemes have been scamming several people across the nation, whose has been hurt by a long-lasting economic crisis.

The central bank’s officers also released the names of some of the alleged scams operating without licenses in Cuba, such as Mind Capital, Mirror Trading, Arbistar, Trust Investing, Qubit Life/Qubit Tech, X-Toro, among others.

Arbistar has been under the loop of the Spanish authorities, as the bogus company is accused of being a million-dollar crypto scam that dumped on thousands of individuals in several countries. Banco Central de Cuba commented on such red-flagged firms:

“These organizations are characterized by offering, through misleading advertising on social networks and other platforms, the possibility of making ‘sophisticated investments’ even using crypto assets as a novel resource, with the intention of awakening the interest of consumers. Such ads generally promise a way to make a profit quickly and easily, with no apparent risk.”

Cuban Government Does Not Endorse Any Existing Crypto Project

Furthermore, the central bank points out that the Cuban government isn’t currently endorsing any virtual currency-related projects in the country and, in fact, “advises the public not to get involved in operations of this nature.”

Despite the warning issued by the Banco Central of Cuba, the president of the island, Miguel Díaz-Canel, discussed the possibility of including cryptocurrencies as part of his plan “for the convenience” of the national economy.

As Bitcoin.com News reported last week, Díaz-Canel wants to assess the feasibility of implementing such decentralized technologies and their impact on the country. However, he didn’t confirm whether or not he decided to adopt digital assets or create a central bank digital currency (CBDC) as of press time.

What do you think about the warning issued by the Cuban central bank? Let us know in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.





Source link

- Advertisement -
profile logo 500x500
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
462FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,485FollowersFollow
2,230SubscribersSubscribe

Most Popular

bitcoin
Bitcoin (BTC) $ 43,490.00
ethereum
Ethereum (ETH) $ 3,073.99
tether
Tether (USDT) $ 1.00
bitcoin-cash
Bitcoin Cash (BCH) $ 548.48
litecoin
Litecoin (LTC) $ 161.07
eos
EOS (EOS) $ 4.29
okb
OKB (OKB) $ 17.30
tezos
Tezos (XTZ) $ 5.43
leo-token
LEO Token (LEO) $ 2.98
cardano
Cardano (ADA) $ 2.15
monero
Monero (XMR) $ 235.26
stellar
Stellar (XLM) $ 0.284899
chainlink
Chainlink (LINK) $ 24.14
huobi-token
Huobi Token (HT) $ 12.30
tron
TRON (TRX) $ 0.094441
usd-coin
USD Coin (USDC) $ 1.00
dash
Dash (DASH) $ 175.55
neo
NEO (NEO) $ 41.85
iota
IOTA (MIOTA) $ 1.34
nem
NEM (XEM) $ 0.158944
zcash
Zcash (ZEC) $ 120.04
maker
Maker (MKR) $ 2,520.82
paxos-standard
Pax Dollar (USDP) $ 1.01
ethereum-classic
Ethereum Classic (ETC) $ 49.90
vechain
VeChain (VET) $ 0.096914
true-usd
TrueUSD (TUSD) $ 1.00
ftx-token
FTX Token (FTT) $ 57.53
kucoin-shares
KuCoin Token (KCS) $ 10.44
waves
Waves (WAVES) $ 24.32