The Bank of Ghana has cautioned the general public against a new money doubling scheme called “Bitcash Currency Exchange” targeting unsuspecting victims.
In a statement, the central bank said on Tuesday that “it has not licensed such an entity or any other cryptocurrency exchange platform” claiming to have approval from them.
The Bank of Ghana said the scheme “does not reward investors as promised” but seeks to defraud people of their money with alluring messages promising juicy dividends.
“Unsuspecting recipients of such messages who click on the hyperlink or forward such messages compromise the safety of their funds, their WhatsApp accounts, and other social media profiles, as well as those of friends and family on their contact list,” the BoG said.
The Central Bank further urged persons who receive suspicious messages from the fraudulent scheme to delete such messages and avoid clicking on their hyperlink or sharing it with others.
The BoG called on the public to only do business with financial institutions it has duly licensed and cross-check with the Bank to verify if any such suspicious scheme is duly registered.
Read the statement below.
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