Union Bank Fined N200 Million For Contravening CBN Cryptocurrency Directive - Business - Nairaland
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| Union Bank Fined N200 Million For Contravening CBN Cryptocurrency Directive by AlarinkaOla: 5:36pm On Apr 19, 2023 |
The Central Bank of Nigeria (CBN) has fined Union Bank of Nigeria (UBN) Plc for breaching its regulation on cryptocurrency trading in the country. Union Bank was fined N200 million by the financial regulation for breaching the cryptocurrency regulation, Ripples Nigeria learnt on Wednesday. Recall that the central bank warned commercial banks against enabling cryptocurrency trading by allowing accounts to receive and send money related to digital currency. The CBN, led by Godwin Emefiele, has often spoken against cryptocurrency trading, leading to the ban of cryptocurrency trading in Nigeria on February 5, 2021. Union Bank revealed the... https://www.ripplesnigeria.com/union-bank-fined-n200m-for-contravening-cbn-cryptocurrency-directive/
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| Re: Union Bank Fined N200 Million For Contravening CBN Cryptocurrency Directive by Flight90: 5:38pm On Apr 19, 2023 |
If this is true, na to go withdraw my money commot for union Bank before I see debit alert of 5,000 for maintenance fee and electronic transfer charges🤕 |
| Re: Union Bank Fined N200 Million For Contravening CBN Cryptocurrency Directive by Bmaster(m): 6:09pm On Apr 19, 2023 |
Nigeria government will beg her citizens to lend her some crypto before the end of 2030. They are not smart in tech as one will presume,the new money future is here,the adoption process should start now !!!! |
| Re: Union Bank Fined N200 Million For Contravening CBN Cryptocurrency Directive by Zee0007: 6:18pm On Apr 19, 2023 |
If only you knew how much profit they got allowing cypro trade from 2021 till when caught, you will know the fine of 200million is a joke to them. |
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