CBN hits banks with N1.31bn fine for flouting directive on crypto accounts thecable.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thecable.ng Daily Mail and Mail on Sunday newspapers.
The Central Bank of Nigeria has imposed monetary sanctions of N814.3 million on four commercial banks in the country for permitting cryptocurrency transactions.
The Central Bank of Nigeria (CBN) has fined three banks for failing to comply with the directive to block customers from transacting in cryptocurrencies, Bloomberg reported on Wednesday. All three Nigerian banks that violated the CBN’s regulation were fined a combined ₦800 million for non-compliance. CBN told banks in a February 2021 circular to close […]
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