Central Bank of Samoa: Crypto Companies Will be Treated as Financial Institutions

Central Bank of Samoa: Crypto Companies Will be Treated as
Financial Institutions

The Central Bank of Samoa has warned that individuals who promote cryptocurrencies in the island nation will be subjected to the same treatment as financial institutions. According to a statement issued by the reserve bank of Samoa, promoters of cryptocurrency will have to abide by the country’s existing legislation on money laundering. Consequently, such cryptocurrency

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