Myanmar’s Central Bank Warns Public Not to Use Crypto After Series of Scams Reported

News

The Central Bank of Myanmar has received reports of several scams targeting consumers who lack understanding about crypto. The Central Bank of Myanmar has urged consumers to stop trading cryptocurrencies amid fears that inexperienced users could lose money, Southeast Asian news outlet The Irrawaddy reported on May 3.In a statement obtained by the website, the central bank said it had received reports of several scams targeting those who lack understanding about virtual currencies.Authorities in Myanmar, also known as Burma, say the likes of bitcoin (BTC,) ether (ETH) and litecoin (LTC) are being traded in the country through Facebook profiles as well as websites.According…
Click Title Below To Read Details From Source:
Myanmar’s Central Bank Warns Public Not to Use Crypto After Series of Scams Reported

Leave a Reply

Your email address will not be published.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