• About Us
  • Contact Us
  • Photo Gallery
  • Privacy Policy
  • Terms of Use
  • Citi TV
Wednesday, February 1, 2023
Citinewsroom - Comprehensive News in Ghana
  • Home
  • News
  • Business
  • Sports
  • Showbiz
  • Coronavirus
  • Infographics
  • Livestream
  • Videos
No Result
View All Result
Citinewsroom - Comprehensive News in Ghana
  • Home
  • News
  • Business
  • Sports
  • Showbiz
  • Coronavirus
  • Infographics
  • Livestream
  • Videos
No Result
View All Result
Citinewsroom - Comprehensive News in Ghana
No Result
View All Result

I’m not a Sidicoin ambassador, I only wanted people to learn about NFTs – Stonebwoy

Jonas NyaborbyJonas Nyabor
April 28, 2022
Reading Time: 2 mins read
ShareShareShareShare

Dancehall artiste, Stonebwoy, has denied any formal association with Sidicoin, a supposed cryptocurrency yet to be launched.

According to him, the promotion of Sidicoin on his social media page was only to encourage people to learn about NFTs and get information on what is becoming a global phenomenon.

The artiste has come under serious criticism for promoting Sidicoin which the Bank of Ghana has recently issued a warning about.

In a public disclaimer, Stonebwoy said he does not seek to lure or encourage people in any way to invest in an unlicensed financial scheme.

“I am not an ambassador for Sidicoin, I am not associated with the product nor have I been rewarded to promote it… My advocacy was for people to join a club for us to learn further information on how not to be left out of the new global order, not to encourage people to invest in a financial scheme of any sort,” he explained.

Read the full disclaimer below:

“For the avoidance of doubt, I am not an ambassador for Sidicoin, I am not associated with the product nor have I been rewarded to promote it. The developing world of NFTs, Web3.0, the metaverse, and digital/crypto-assets and their ability to change people’s financial fortunes has caught my attention in recent times and I simply thought I was sharing a Ghanaian version I had discovered for people who are as interested as I am to join me on my learning path. My advocacy was for people to join a club for us to learn further information on how to not be left out of the new global order, not to encourage people to invest in a financial scheme of any sort. In hindsight, I should have hastened slowly, but I blame over-enthusiasm for all the interesting things I am discovering about the adoption of these disruptive technologies. May we all do as the Bank of Ghana says and exercise caution even as we strive to do better for ourselves and our communities. Thank You.

–

The Bank of Ghana’s recent statement on Sidicoin said neither the cryptocurrency investment scheme nor its promoters have any approval from the Bank of Ghana to operate in the banking and payment services sector.

“The public is advised to exercise caution with regard to trading in cryptocurrencies and other unregulated investment schemes. The Bank further cautions all regulated institutions including banks, specialized deposit-taking institutions, dedicated electronic money issuers, and payment service providers to desist from facilitating cryptocurrency transactions and unlicensed investment schemes, through their platforms or agent outlets,” the statement added.

ShareTweetSendSend
Previous Post

Gov’t, Niche Confectionery to give 1.8m children cocoa beverages

Next Post

ECG hasn’t disconnected power to parliament – Kate Addo

Related Posts

News

Police on manhunt for galamseyers who unlawfully operated in Atewa Forest Reserve

February 1, 2023
Top Stories

Police arrest 12 suspects for murder, other organized crimes nationwide

February 1, 2023
General

Trailblazers and partners register children of head potters at Tudu onto NHIS

February 1, 2023
Health

MMALABS partners Shield Medical Centre to establish laboratory in Ofankor

February 1, 2023
President Akufo-Addo and his new ADC
Top Stories

President Akufo-Addo appoints new ADC

February 1, 2023
Top Stories

SDA pastor, three others perish in accident at Achina

February 1, 2023
Next Post

ECG hasn't disconnected power to parliament - Kate Addo

TOP STORIES

Police arrest 12 suspects for murder, other organized crimes nationwide

February 1, 2023

President Akufo-Addo appoints new ADC

February 1, 2023

I’m lucky to have Citi TV relocate to my constituency – Patrick Boamah [Photos]

February 1, 2023
Load More
ADVERTISEMENT
Citinewsroom – Comprehensive News in Ghana

CitiNewsroom.com is Ghana's leading news website that delivers high quality innovative, alternative news that challenges the status quo.

Archives

Download App

Download

Download

  • About Us
  • Contact Us
  • Photo Gallery
  • Privacy Policy
  • Terms of Use
  • Citi TV

© 2021 All Rights Reserved Citi Newsroom.

No Result
View All Result
  • Home
  • News
  • Business
  • Sports
  • Showbiz
  • Coronavirus
  • Infographics
  • Livestream
  • Videos

© 2021 All Rights Reserved Citi Newsroom.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT