We Will Share Your Information To Regulatory Body If You Engage In Crypto Currency – Opay Warns

By Wisdom Nwedene

A leading Nigerian Fintech Bank, Opay has warned it customers against engaging in Crypto Currency with their Bank Account.

In a statement issued on Friday and obtained by 9News Nigeria, Opay revealed that they won’t hesitate to share any customer’s information that disobeys the order to regulatory body.

9News Nigeria recalls that a Federal High Court sitting in Abuja on Thursday morning adjourned the case against Cryptocurrency exchange Binance and its two executives to May 17.

The case borders on Money laundering and Tax evasion. Other concerns by the government include allegations of manipulation of the local currency by peer-to-peer traders on the platform.

Binance and its executives named Tigran Gambaryan, a U.S. citizen and head of financial crime compliance, and Nadeem Anjarwalla, a British-Kenyan Citizen who is the regional manager for Africa are facing money laundering charges to the tune of $35 million and dealing in specialized financial activities without a license.

All Parties to the case have pleaded Not guilty.

During the proceedings on Thursday, the legal counsel to the Binance executives argued that he had not been served with additional proof of evidence that he would have used to defend his client properly.

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