Crypto Bank Accounts

Latest News for: Crypto bank accounts

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Hyderabad: Police advisory warns against p2p crypto trading frauds

The Siasat Daily 03 May 2024

According to the advisory, law enforcement agencies have ramped up efforts to combat online financial fraud, leading to the freezing of bank accounts associated with fraudulent transactions.

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Do I have to pay capital gains tax if I sell bitcoin but don

The Daily Mail 03 May 2024

Is the tax due when you sell the asset or when you realise the benefit back in your (fiat) bank account? ... If these are kept within the crypto account without transferring to your normal bank account, are you liable to pay tax?.

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MoonPay Expands To US In New Alliance With PayPal

CoinGape 02 May 2024

With this offering, Paypal’s 436 million+ users are guaranteed to initiate fiat-to-crypto transactions through wallets, bank transfers, or debit cards using a PayPal account, according to MoonPay.

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Nigeria Cryptocurrency Clampdown: Central Bank Orders Four Fintech Firms – Moniepoint, Palmpay, Opay, and Kuda ...

Bitcoin World 01 May 2024

The Central Bank of Nigeria (CBN) has reportedly directed four fintech firms to cease opening new accounts in an attempt to lock out crypto traders accused of exacerbating the currency’s decline.

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Online gaming app scam 'E-Nugget': ED freezes Rs 90 crore in 70 accounts

The Times of India 01 May 2024

... assets and bank accounts.

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Custodia To File Appeal Over Denied Access To Fed Master Account

Bitcoinist 27 Apr 2024

Custodia Bank has officially expressed its desire to appeal the US District Court ruling in Wyoming, which supported the decision of the Federal Reserve Bank of Kansas City (FRBKC) to deny the crypto bank a master account.

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Custodia Bank Files Appeal In Fight Against US Federal Reserve

CoinGape 26 Apr 2024

The Wyoming-based crypto bank made this Appeals move after stating that many financial institutions were discriminating against crypto businesses ... Bank’s bid for the master account which.

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Crypto Wallets Explained: How to Store, Spend, and Secure Your Digital Assets

BitPay 26 Apr 2024

Just as a bank account allows you to store, manage, and access your money, a crypto wallet provides a similar function for your digital assets, serving as the interface to your financial interactions on the blockchain.

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CBN Denies Mandating Banks to Freeze Crypto Exchange Accounts

Coin Edition 25 Apr 2024

The Central Bank of Nigeria (CBN) has refuted claims suggesting that it ordered local banks to freeze accounts associated with unlicensed crypto exchanges ... In a on X, the central bank clarified that ...

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Nigeria Central Bank (CNB) Clarifies Crypto Freeze Claims – What’s Really Going On?

CoinChapter 25 Apr 2024

Hours later, the CBN emphatically denied the allegations again, assuring the public that it had not issued any official orders to freeze bank accounts linked to crypto transactions on its official website.

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Nigerian Crackdown Fake News? CBN Denies Crypto Accounts Freezing Circular

Bitcoinist 25 Apr 2024

The news raised alarms as, four months ago, Nigeria lifted the ban that prevented banks and other financial institutions from operating accounts for virtual asset service providers (VASPs).

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Central Bank of Nigeria refutes claims of imposing blacklist on crypto transactions

Cryptopolitan 25 Apr 2024

A bank or financial entity sends a “Post No Debit” for the customer’s account, a command that prevents certain transactions ... This contradicts the restriction held in December 2023, where banks were allowed to facilitate crypto transactions.

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Nigeria’s Central Bank Issues Denial Regarding Alleged Freeze on Crypto Accounts

Coinspeaker 24 Apr 2024

Nigeria’s Central Bank Issues Denial Regarding Alleged Freeze on Crypto Accounts. The Central Bank of ... Nigeria’s Central Bank Issues Denial Regarding Alleged Freeze on Crypto Accounts ....

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Nigeria freezes over 300 P2P accounts on more crypto exchanges amid forex concerns

Cryptoslate 24 Apr 2024

Nigerian authorities are gearing up for the next phase of their crackdown on crypto trading, targeting peer-to-peer (P2P) platforms like OKX, Binance, KuCoin, and Bybit, according to a trending circular by the Central Bank of Nigeria.

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Nigeria’s Central Bank to Freeze Bybit, KuCoin, OKX, Binance Accounts

Coin Edition 24 Apr 2024

CBN instructs banks to identify and freeze accounts involved in crypto transactions ... Per CBN’s instructions, such accounts should be placed on a Post No Debit (PND) instruction for six months.