Malawians warned on cryptocurrency | Malawi 24

Dean of Law at the University of Malawi Dr Sunduzwayo Madise has warned Malawians to tread carefully when transacting on the new form of money which has emerged in the world called cryptocurrency.

The warning comes hot on the heels of media reports in Lilongwe where a woman was nabbed by the police for defrauding fellow citizens in a cryptocurrency transaction gone bad.

FIA Director (Centre) sharing notes with Madise during the seminar

Mfundisi as Madise is fondly addressed made the remarks during a high level intellectual discussion dubbed staff-students seminar organized by the commercial law clinic at the Faculty of Law—Chancellor College— on Thursday.

The seminar, whose guest of honour was the Director of Financial and Intelligence Authority (FIA) in the country, Atuweni Juwayeyi-Agbermodji, was held under the theme: ‘Crypto currencies and financial crimes: Opportunities and Challenges.’

Making his…