Burundi Bans Trading of Digital Currencies
Photographer: Jung Yeon-Je/AFP via Getty Images
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Burundi banned all trading of cryptocurrencies on its soil, saying it couldn’t offer digital money users protection in case of problems.
Some Burundians lost money while trading virtual currencies and asked the government to intervene, according to Alfred Nyobewumusi, a director at the central bank’s micro-finance department. Digital coins such as Bitcoin and Ethereum are now illegal in the country, he said.