Soloman Islands interesting news came to our attention as the country is currently set against a fake currency that has been victimizing citizens around the small island nation. The Central Bank of the Solomon Islands even issued an official warning against the false currency named Sol York, stating that it is not regulated by the local authorities.
The bank further asserted that the nation’s one and only legal tender remains the Solomon Islands Dollar or SBD.
Interestingly, the Bank warning did not identify the nature of Sol York any further. We still are not aware if we are dealing with a cryptocurrency or a tender currency. However, the Solomon Islands have been pretty open about crypto coins, claiming that they are unregulated in the nation, hinting at the possibility that Sol York is a crypto asset.
One of the official comments of the central bank categorically denies any involvement of the bank with Sol York, stating also that it
“strongly advises the general public, including the promoters, to refrain from spreading false information and rumors about the new currency scheme,”
The Central Bank urges the local citizens to report any suspicious activities or similar wrongdoings in regards to Sol York. Victims of the coin are also encouraged to report their story to the local authorities. Most people fall to investment scams that promote or use the talk-about false currency.