Nigeria’s central bank (CBN) has maintained its hostile position towards crypto assets like Bitcoin, Ethereum, Litecoin, and others has it recently ordered financial institutions in the country to close the accounts of individuals suspected to have traded cryptocurrency.CBN orders banks to close crypto trader accountsThe CBN, on November 3, released a circular signed by its … [Read more...] about Nigeria’s central bank orders closure of crypto-related accounts
CryptoRelated
Connecticut jury finds crypto-related products are not securities
A Connecticut jury has found that digital assets linked to cryptocurrencies are not securities in what a defense lawyer called a world-first verdict. GAW Miners investor Stuart Fraser was cleared of liability in a fraudulent operation co-opted by ZenMiner LLC on Monday. “It’s the first case that we know of where a jury addressed whether cryptocurrency products were securities,” … [Read more...] about Connecticut jury finds crypto-related products are not securities
Customers Bank Veers Into Crypto With Transfer Token, $1.5B in Crypto-Related Deposits
Pennsylvania-based Customers Bank has started onboarding its first cryptocurrency businesses, offering those firms use of a digital asset payments platform plus the bank’s own internal digital fiat token.As such, Customers Bank will compete with Silvergate in California, Signature in New York and only a handful of others openly offering crypto firms basic accounts, as well as a … [Read more...] about Customers Bank Veers Into Crypto With Transfer Token, $1.5B in Crypto-Related Deposits