Tag: United Bank for Africa Plc.
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Crypto Transactions: CBN Penalizes three Banks N800m
A sum of N800m fine has been imposed on three Nigerian Banks by Central bank of Nigeria (CBN) for violating the regulations barring customers from transacting cryptocurrencies. This is contained in a Bloomberg report released on Wednesday, the three banks are Access Bank Plc, Stanbic IBTC, and the United Bank for Africa Plc. The report…