The use of digital currency, including crypto and Bitcoin, is illegal in Ethiopia, and should be reported to law enforcement authorities , says the country’s National BankDigital currencies ( Photo : CBNC )borkenaThe National Bank of Ethiopia on Monday announced that Cryptocurrency and other forms of digital currencies are illegal in the country. The Bank warned the public not to use any form of digital currency as it does not have recognition from the National Bank and is illegal in the country. The National Bank of Ethiopia also warned that it will take serious legal measures against anyone that is found using cryptocurrencies. The National Bank of Ethiopia called on the public to tip law enforcement bodies in the event of observation of the use of digital currencies. The assessment from the National Bank of Ethiopia is that the use of digital currency is being used extensively in the country, and it said it is something that does not have recognition from the Bank.

Source: Ethiopian News June 07, 2022 03:30 UTC