Following the Economic and Financial Crimes Commission’s move to block 1,146 accounts connected to unauthorised FX dealings, the directive prohibits the fintechs from onboarding new customers. The companies provided notices to their users, stating the temporary closure of additional signups on their platforms. However, the current statement does not impact customer deposits, or banking activities for users. At the time of the announcement, the CNB did not respond to the request for comment.
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