Home / BUSINESS NEWS / ‘Freedom Coin’ Boss Knocks Bank Of Ghana

‘Freedom Coin’ Boss Knocks Bank Of Ghana

Spread the love

Nana Kwame Bediako alias Freedom, a businessman has responded to the caution statement issued by the Bank of Ghana (BoG) against the impending launch of a cryptocurrency named “Freedom Coin” which belongs to him.

 

A statement issued by the central bank on Wednesday March 9 cautioned that neither this cryptocurrency nor the promoting company has approval from Bank of Ghana to operate in the banking and payment sector.

 

 

 

 

“In line with notice NO.BG/GOV/SEC/2018/02 issued on 22nd January 2018, which can be found on the Bank’s website, Bank of Ghana wishes to reiterate that cryptocurrencies such as Bitcoin are not regulated under any laws in Ghana, and are therefore not backed by any guarantees or safeguards.

See also  Engineers Are Key In Successful Implementation Of AfCFTA – Alan Kyeremanten

 

 

 

 

 

 

“Bank of Ghana advises the general public to exercise caution in respect of cryptocurrency transactions.

“The Bank further directs all licensed institutions including banks, specialized deposit-taking institutions, dedicated electronic money issuers and payment service providers to refrain from facilitating cryptocurrency transactions via their platforms or agent outlets. The general public is hereby advised to take note and be guided accordingly.”

 

 

 

 

 

 

 

 

 

However, in a tweet reacting to this, Nana Kwame Bediako thinks otherwise.

See also  Bank of Ghana To Enforce ‘Drastic’ Measures In Banking Sector From April 1

 

He has asked the BoG to worry about the depreciation of the cedi than him, saying that “Good morning Ghana our cedi is depreciating almost 8 cedis to a dollar. I think the Bank of Ghana has more to worry about than a Freedom coin that’s not even launched.”

 

 

 

 

 

 

 

 

 

 

 

 

 

See also  High Price Of Soya May Collapse The Poultry Industry If Nothing Is Done About It – National Poultry Farmers Association

 

 

 

 

 

 

 

 

 

 

 

 

 

About Adwenpa-Hene

I'm Adwenpa-Hene |Blogger & Broadcaster Journalist. I am the CEO and manager of this noble website. I publish on Entertainment, Sports, Politics, Lifestyle, and Technology. You can also follow Us on : YouTube Channel - My Ghana Media TV, Facebook - MyghanaMedia TV , Twitter - @MyGhanamedia2 & Instagram - My Ghana Media TV. Email Address: [email protected] Contact Us: 0200818719

Check Also

2023 Budget: E-levy Rate Reduced To 1% ; ¢100 Threshold Removed

Spread the love The government has reduced the Electronic Transfer Levy rate from 1.5% to …

Leave a Reply

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