Access, UBA, and Stanbic Fined N800m by CBN For Crypto Transactions
2022-04-07
The Central Bank of Nigeria has fined three Nigerian commercial banks a total of N800 million for failing to comply with regulations prohibiting consumers from transacting in cryptocurrencies. Stanbic IBTC Bank, Access Bank Plc, and United Bank for Africa are among the banks affected. According to Bloomberg, the sanctions areContinue Reading