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Crypto Policy

The crypto industry is awash with the good, the bad, and the ugly. We understand that the direction policy takes often has a great impact on the crypto market and the industry generally. With Crypto Policy, we cover the most important and potentially consequential policy and regulatory developments in the crypto space.

CBN fines FCMB, Fidelity Bank, and Wema Bank N514 million ($857,000) over cryptocurrency transactions.

.elementor-20267 .elementor-element.elementor-element-25eba15e{-ms-flex-pack:inherit;-webkit-justify-content:inherit;justify-content:inherit;}.elementor-20267 .elementor-element.elementor-element-504bdbaf{font-family:"Roboto", Sans-serif;font-size:16px;font-weight:400;letter-spacing:1.5px;color:#161616;} The Central Bank of Nigeria (CBN) has fined First City Monument Bank (FCMB), Fidelity Bank Plc, and Wema Bank N514 million because they contravened the CBN circular…