Rwandan central bank issues announcement on cryptocurrency fraud

The Central Bank of Rwanda issued an announcement on ICO fraud and Ponzi schemes based on cryptocurrencies on May 30, which claims to provide a quick and significant return on investment for early adopters. According to reports, through the companies such as Supermarketings Global Ltd, 3 Friends System (3FS) Group Ltd, OneCoin and Kwakoo (OnyxCoin), these scams are active in Rwanda. The Rwandan central bank warned investors to review potential investment projects and reminded the public that it would not provide any compensation to the victims.