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Freedom Coin: Is Freedom Coin Legit In Ghana? Has Bank Of Ghana Approved Freedom Coin?

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Freedom Coin
Freedom Coin

Ghana had its 64th Independence day on March 6th, 2022, and was climaxed with a parade at the Cape Coast Stadium in the Central Region of Ghana.

In light of that, Ghanaian self-acclaimed millionaire Freedom Jacob Caesar leveraged on that day to publicize his yet-to-be-launched cryptocurrency dubbed the Freedom Coin.

Though the coin is yet to go live, these and more are the questions one would deal with in order to trust the Freedom coin as Ghana has seen a lot of typical scams in the past years.

What Is Freedom Coin?

Freedom Coin is a tool to aid in Freedom’s overarching vision of digitizing the African continent, as well as a solution to the ever-fluctuating African currencies and economy.

The coin gets its name from the Freedom Movement, a social development devoted to recuperating and laying out monetary open doors to conquer destitution through venture and improvement.

Is Freedom Coin Legit In Ghana?

Freedom Caesar first spoke about the Freedom Coin at the celebration of Ghana’s independence during the match-pass on the 6th March 2022 at the Black Star Square and also on his social media handles, though not yet launched.

Freedom Jacob Caesar, real name Nana Kwame Bediako, claims his yet-to-be-launched cryptocurrency coin is 100$ legit.

Has Bank Of Ghana Approved Freedom Coin?

The Bank of Ghana has not approved Freedom Coin owned by Freedom Jacob Caesar.

According to a statement from the Central Bank, the cryptocurrency and its promoting company do not have any” approval from the Bank of Ghana to operate in the banking and payment sector”.

The Bank reiterated that cryptocurrencies such as Bitcoin are not regulated under any laws in Ghana, and are therefore not backed by any guarantees or safeguards.

It further directed “all licensed institutions including banks, specialized deposit-taking institutions, dedicated electronic money issuers and payment service providers to refrain from facilitating cryptocurrency transactions via their platforms or agent outlets”.

“The general public is hereby advised to take note and be guided accordingly,” the statement added.

Enoch

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