Ver Angola

Economy

Capital market commission warns of entity that trades in 'bitcoins'

The Capital Market Commission (CMC) of Angola alerted investors to the fact that Petron Pay, an entity that negotiates payments in 'bitcoins', is not authorized for any financial intermediation activity.

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In a note published on its website, CMC stated that the entity is dedicated to the marketing of investment packages in assets in the oil sector, with the said packages being accessible to the public by paying for bitcoins.

CMC said that Petron Pay is not authorized or registered with the commission for the exercise of any financial intermediation activity in Angola, so the people or companies that carry out investment operations do not have protection mechanisms.

Petron Pay is also not legally qualified to conduct advertising or prospect customers, CMC said.

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