The Central Bank of Cuba (BCC) warned in a statement this Thursday about the risks of participating in investment platforms in cryptocurrencies suspected of pyramid scam that are “characterized by offering, through misleading advertising on social networks and other platforms, the possibility of making ‘sophisticated investments.’”

The statement mentions Mind Capital, Mirror Trading, Arbistar, Qubit Life/Qubit Tech, X-Toro and Trust Investing—the most popular in the country with tens of thousands of partners— among the international companies promoting their services in Cuba.

The Central Bank reiterated what President Miguel Díaz-Canel had already warned, that the Cuban government “does not promote or approve the operation of these…

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