The Central Bank of Trinidad and Tobago has issued a warning to the public about the risks associated with trading in Bitcoin and other digital currencies.
In a statement released on Thursday, the bank said that it has become aware of the “increasing popularity” of Bitcoin and other digital currencies in Trinidad and Tobago.
However, the bank cautioned that these digital currencies are not regulated by any central authority and are therefore subject to high volatility. Explore bitcoin prime for further information.
The Central Bank advised members of the public to exercise caution when dealing with digital currencies and to consult with financial advisers.…Continue reading