Do not deal with cryptocurrency companies – the SEC warns Ghanaians

Company News on Tuesday, January 22, 2019

Source: citibusinessnews.com

2019-01-22

The Securities and Exchange Commission (SEC) said it has begun extensive research on cryptocurrency activities in the country after fearing a cryptocurrency swindle.

In the meantime, he urged Ghanaians to "refrain from engaging in these cryptographic entities".

"If you choose to go there, you are alone," said Paul Ababio, Deputy General Manager of the Securities and Exchange Commission, at Citi News.

The SEC does not regulate crypto-currency space in Ghana and cryptocurrency is not accepted as legal tender.

"We are continuing our research and collecting information, and we welcome any input from people who could help us form a point of view on how we can address this issue in Ghana."

The SEC was responding to calls to the government of some customers of the cryptocurrency company, Global Coin Community Help, to help them recover their blocked funds from the company.

Global Coin Community Help, more than 100,000 customers of the cryptocurrency company, said that public bodies such as the Office of Economic and Organized Crime (EOCO) and the Criminal Investigation Department (CID) were not giving away to a petition that they had presented on this subject.

Solomon Anderson, who spoke on behalf of the affected customers, said that a request had been made to EOCO in October 2018.

"It is sad for the state institutions to sit down and let some of these things happen to us, because if you claim that he has defrauded us and he is not ready to pay us, we are let's wait for you to act on our behalf, "he said. I said.