CBN fines three banks N800m for violating cryptocurrency order
Access Bank, Stanbic IBTC and United Bank for Africa are to pay N8000 million as fines to the Central Bank ...
Tag: crypto currency
China declares all crypto currency transactions illegal
China’s central bank on Friday ruled that all financial transactions involving crypto currencies are illegal, the latest in a series ...
CBN directs banks to shutdown crypto accounts
The Central Bank of Nigeria has directed Deposit Money Banks (DMBs), Other Financial Institutions (OFIs) and Non-Bank Financial Institutions (NBFIs) ...
Crypto becomes world’s 5th-most circulated currency by value
One week into the new year, the market value of all the world’s cryptocurrencies surpassed $1 trillion, a report by Quartz indicates. The ...