Bank of Namibia won’t accept any crypto complaints, lacks legal power

The Bank of Namibia (BON) has announced that it will not accept any crypto-related complaints from its customers. Furthermore, the bank clarified that it doesn’t have the “legal power” to follow up on such complaints.

Cryptocurrency may be one of the finest investments available right now. However, it does come with its own set of concerns. One of the most serious issues is that it is rife with fraud because of its unregulated nature.

Many new consumers in the market are being duped due to this. Namibia is seeing increased reports of crypto investors losing money to scammers.

Read full news at Todayq News

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