Through an exclusive statement to Cointelegraph Español, The Central Reserve Bank of Peru (BCRP) issued an alert addressed to the general public about the unscrupulous use of people outside the financial institution on the issuance of digital money under the name of “Digital Sol”.
The highest monetary authority of the Latin American country indicates that the so-called “Digital Sol” offered by third parties does not have any endorsement from the issuing institute and that therefore, its acquisition by the general public is exclusively at the risk of each person.
In recent days there has been strong publicity in Peru about the currency “Digital Sol”, an asset that the BCRP points out in its statement “It is not a currency issued by the Central Reserve Bank of Peru ”.
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“… any use of this denomination for digital currencies issued by third parties affects the powers of the Central Bank and contravenes the legal framework applicable to the issuance of banknotes and coins.”, highlights the BCRP in its issued alert.
It is not the first time that statements of this type have been issued in different parts of the world, where the clash between decentralized currencies and Central Banks around the world has been a common point of contention.
However, in this case, the similarity of the name and the confusion generated around the “Digital Sol”, it is reason enough to alert the population of the risks of not acquiring an asset under the presumption of endorsement by the BCRP due to the name used to hook locals and strangers to the crypto ecosystem.
Remember, any investment carries a risk and is the sole responsibility of whoever makes it, to be properly informed about it.
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