Saturday, April 17

Cryptocurrency

Malawi warns against cryptocurrencies
Cryptocurrency, Southern Africa

Malawi warns against cryptocurrencies

A statement issued by the Reserve Bank of Malawi (RBM) has warned people in the country that cryptocurrencies are not to be used as legal tender for goods and services in the same way they would use the country's currency, the Malawi Kwacha. This comes as more and more people in Malawi have been enquiring about using cryptocurrencies, especially Bitcoin, as a form of payment or receiving payments. The statement was issued by RBM Governor, Dr. Dalitso Kabambe, who also added that RBM had noted with concern increased public interest in cryptocurrencies as observed through the growing number of enquiries on the subject received from the general public and other stakeholders. ‚ÄúReserve Bank of Malawi wishes to advise the general public that cryptocurrencies are not legal t...