The Central Bank of Samoa is the nation's reserve bank and, as such, it acts as a bank to the Government and the commercial banks.
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O ai e te maufaatuatuaina? E te maufaatuatuina tupe o
lo’o lolomiina ma faasafua atu e le Faletupe Tutotonu e
tusa ai ma ta’iala o le tulafono? Pe e te
maufaatuatuaina ni tupe initaneti na gaosia i luga o le
initaneti, lea e faasalalau e tagata e faafoliga e
faigaluega i le OneCoin poo le Bitcoin, e le o ni tupe
faitino, e leai foi ni tulafono e aiaia? O ai o le a e
talitonuina?
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In whom do we trust? Do you trust the money (legal tender
or paper money and coins) issued by the Central Bank of
Samoa (“CBS”)? Or do you trust cryptocurrency
investments such as OneCoin or Bitcoin (not legal tender)
using middlemen and agents promoting it, which is not
regulated by law? CBS has therefore issued a warning over
the rising number of cryptocurrency promotions taking place
here in Samoa.
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It has been brought to our attention that there are
supposedly some people or well organized criminals that are
using facebook as a tool to get to your hard earned money.
They come in the form of get rich quick schemes promising
you huge amounts of returns if you invest your money with
them. The business models and the products that they
promote may be different (and very complicated), but the
concept is still the same: invest your money with us, and
we will give you a huge return! This means, for example,
if you invest $1,000 with them, you will get $10,000 in
return within a few weeks. Or, invest $10,000 with them,
and you get $100,000 in return within a few weeks from
investing.
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