CBN FINES FOUR BANKS OVER N800M FOR VIOLATING CRYPTO POLICY
The Central Bank has fined four banks for flouting its directive on cryptocurrency transactions. The CBN had in February 2021 ordered all banks to close accounts of anyone who transacts in cryptocurrency, stressing that dealing in cryptocurrency or facilitating payments for cryptocurrency exchanges is prohibited. In a report issued today, the CBN has now fined at least four banks for failing to comply with that regulation and they include Stanbic […]
