The Bank of Ghana has urged the public to be cautious in their dealings with a new money doubling scheme called ‘Bitcash Currency Exchange.’
Besides denying granting the scheme approval to operate, the Bank of Ghana said the scheme is fraudulent and works to milk the public of their money.
In a statement issued on Tuesday, March 8, 2022, the Bank of Ghana said the scheme additionally compromises the funds, WhatsApp accounts, and social media accounts of unsuspecting victims when their hyperlinks are clicked.
“Bank of Ghana wishes to bring to the attention of the public, a money doubling scheme which operates under the name “BitCash Currency Exchange” and claims to have approval from Bank of Ghana. By this Notice, Bank of Ghana wishes to inform the public that it has not licensed such an entity or any other cryptocurrency exchange platform,” the statement said.
Read the statement below:
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