Business News of Saturday, 30 March 2019Source: Dailymailgh.com100,000 Ghanaians lose $25m in Crypto scamSome Members of parliament are calling for sound crypto regulationAt least 110,000 Ghanaian investors have lost their investment totalling GHC135 million ($25.71m) to crypto investment scams and hacks in 2018, a report on the Global Coin Community Scam said. Members of Parliament are alarmed over the report and want regulators to police the sector to save Ghanaians from falling prey to scammers. Leading the campaign is MP for Juaben Ama Pomaa Boateng who is pushing for a sound crypto regulation. This infringes the central bank’s historically exclusive right to issue money and control money supply. The Economic and Organised Crime Office (EOCO) had arrested two directors in connection with the scam.

Source: GhanaWeb March 30, 2019 01:41 UTC