BRI NEWS Burundian central bank warns citizens of virtual currencies

BRI NEWS

Burundian central bank warns citizens of virtual currencies

Xinhua

14:52, September 04, 2019

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Photo: VCG

BUJUMBURA, Sept. 2 (Xinhua) -- Burundi's central bank on Monday warned Burundian people about using virtual currencies in the central African country, saying they are illegal.

These currencies are not legal tender in Burundi since they are not regulated and not guaranteed by the government or the central bank, governor of Bank of Burundi Jean Ciza said in a statement.

"No entity or financial institution is currently authorized to offer remittance or other payment services using virtual currency," said Ciza.

He called on Burundian people to be more vigilant and ensure that investments or any other financial transaction is carried out by credible financial institutions authorized by the central bank.

More than 20,000 people are currently trading Bitcoins in Burundi, according to the bank.

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