Dominican Republic

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A serious financial regulator in a formal setting, cautioning citizens about the risks of cryptocurrency investments. Background includes symbols of blockchain and crypto coins, highlighting the tension between innovation and regulation.

Dominican Officials Warn about Dangers of Crypto Investing

Crypto does not meet the requirements to become legal tender in the country

The Dominican Republic's top financial regulator has warned about the dangers of investing in crypto. Alejandro Fernández, the Dominican Superintendent of Banks, emphasized that the Monetary Board's official stance is one of prudence.

August 22, 2024 05:28 AM

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