Stonebwoy has debunked reports suggesting that he is the ambassador for cryptocurrency investment scheme, SidiCoin.
Widespread reports by local media emerged that the multiple award-winning Ghanaian reggae and dancehall musician has a formal association with the yet-to-be-launched cryptocurrency after he came out publicly encouraging people to learn about NFTs and get detailed insight on what is now becoming a worldwide phenomenon.
In a public disclaimer issued on Wednesday (April 27), Stonebwoy stated that, contrary to those multiple reports, he is not the ambassador of the SidiCoin and does not seek to leverage his influence to lure or encourage people in any way to invest in an unlicensed financial scheme.
According to him, his advocacy was for people to learn further information on the new global order: Web3.0, the metaverse, and digital/crypto-assets and their ability to change people’s financial fortunes and not to encourage people to invest in a financial scheme of any sort.
Read full disclaimer below;
“For the avoidance of doubt, I am not an ambassador for Sidicoin, I am not associated with the product nor have I been rewarded to promote it.
The developing world of NFTs, Web3.0, the metaverse, and digital/crypto-assets and their ability to change people’s financial fortunes has caught my attention in recent times and I simply thought I was sharing a Ghanaian version I had discovered for people who are as interested as I am to join me on my learning path.
My advocacy was for people to join a club for us to learn further information on how to not be left out of the new global order, not to encourage people to invest in a financial scheme of any sort. In hindsight, I should have hastened slowly, but I blame over-enthusiasm for all the interesting things I am discovering about the adoption of these disruptive technologies.
May we all do as the Bank of Ghana says and exercise caution even as we strive to do better for ourselves and our communities. Thank You.”
Earlier, the Bank of Ghana also cautioned the general public to be wary of transacting business with a cryptocurrency investment scheme. According to the Central Bank, the scheme has not obtained the required approval to operate in the banking and payment services sector.