CBCS warns consumers of One Life related entities

The Central Bank said buying, holding or trading virtual currencies or other digital value units, also called cryptographic currencies, have many and large risks associated with them.

Since these providers of virtual currencies do not fall under the supervision of the CBCS or under any other regulator in Curaçao and/or St. Maarten, consumers are not protected when using virtual currencies and may be at a higher risk of losing their money.

For more information relative to virtual and crypto currency, visit http://www.centralbank.cw/warning-notice-virtual-currencies.

Bron: Daily Herald