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Tag "cryptocurrency transactions"

Report: Twitter, cryptocurrency ban crippled FDI in fintech sector

    Report: Twitter, cryptocurrency ban crippled FDI in fintech sector

The restrictions on cryptocurrency transactions and the outright ban of Twitter in Nigeria have crippled foreign direct investment in the financial technology sector, according to a new report. The report

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CBN hits banks with N1.31bn fine for flouting directive on crypto accounts

    CBN hits banks with N1.31bn fine for flouting directive on crypto accounts

The Central Bank of Nigeria (CBN) has penalised six banks for N1.314 billion over alleged non-compliance with a regulation on cryptocurrency accounts.  The banks include Stanbic IBTC, First City Monument

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