Metropolitan Bank Denies Ceasing Cryptocurrency-Related International Wires

Various Reports State the ‘Bitcoin Bank’ Allegedly Ceased Offering International Cryptocurrency Transfers

This week the financial publication Fortune reported on the company Metropolitan Bank and said the firm was not processing international wire transfers tethered to cryptocurrencies. The news followed the recent problems European users faced a week prior as some specific crypto-based debit Visa cards ceased operations. According to the Fortune report, a Metropolitan customer said the bank notified him and said it was “ceasing all international crypto-related wire transfers to and from.” Many cryptocurrency proponents thought that debit cards produced by Bitpay or Coinbase would have issues because they use Metropolitan Bank.

Metropolitan Bank Responds to Erroneous Statements

On January 16:th the bank responded to “erroneous statements contained in articles that have recently appeared in some online publications” and stated that the company’s policies have not changed.

“As a matter of policy, the bank does not accept cryptocurrency-related wire transfers from non-U.S. entities,” explains Metropolitan executive Edward Nebb. “This is a long-standing policy of the bank and remains in effect today — Last week, the bank sent out a reminder to customers of its policy against accepting cryptocurrency-related wire transfers from non-U.S. entities.”

This reminder to customers is not a new policy for the bank and was not due to, nor did the bank experience, any “incident of international fraud.” The bank’s long-standing policy of not accepting cryptocurrency-related wire transfers from non-U.S. entities is part of its robust risk management program that is designed to ensure the safe and sound operations of the Bank in compliance with applicable laws, rules and guidance.

Metropolitan Bank-based cryptocurrency cards seem to be operating just fine, and users of both the Coinbase Shift card and Bitpay’s Visa services have not complained about issues. International cards issued by Wave Crest Holdings are still out of service which includes cards such as Bitwala, Tenx, Bitpay, Coinsbank, and Xapo.

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Every Nigerian owes China N15,000 – Political analysts

by Agunbiade Sanya For the N3 trillion Nigeria has received from China in the last four years, every Nigerian owes China N15,000 in debt. That’s just N3,000 short of minimum wage, Daily Trust reports. The debt comes from two huge tranches of aid from China: $3.1 billion in 2014 and $6 billion for infrastructure in the last three years, according to political analyst Theophilus Abbah. Share Simple mathematics. Divide the combined total, just over N3 trillion, by the 198 million population Nigeria always talks about: that’s a nice N15,000 in debt to China for every Nigerian. And that doesn’t even include the loan agreement signed this week in Beijing where China pledged $60 billion in credit facilities, a quarter of it interest free. Analysts say getting governments indebted to China is the republic’s way of outsmarting the US and the UK in Africa trade https://lailasnews.com/every-nigerian-owes-china-n15000-political-analysts/

Onecoin Offices Raided in Sofia, Servers Shut Down

50 People Questioned, No Arrests Servers, documents and other evidence have been confiscated from Onecoin and about 50 people have been questioned by investigators, according to the official statement . No arrests have been reported so far. Bulgarian prosecutors, national security agents and members of the organized crime combating unit were involved in the joint operation. They acted on request from Germany, where Bulgarian-born “founder and visionary” of Onecoin, Ruja Ignatova, had been taken to court. “Onecoin” payments were banned in the Federal Republic and in 2016 the UK Financial Conduct Authority issued a warning about the company. The Ministry of Interior of Bulgaria released a video of the search in Onecoin’s building: In just three years, about three million people have subscribed for the educational packages offered by Onecoin , Bulgarian prosecutors announced at a briefing on Friday. The company is suspected of commercial fraud, money laundering and illegal paymen

EZeugo Is the Right Candidate For Idemili North Constituency.

A sound mind is a healthy body, unfortunately most of our people suffer from various diseases as a result of their life style,water the drink, type of food the eat (poor dieting) and drugs abuse which in return leads to many complications in the later stages of their lives. Majority of our people over the age of fourty suffer from specific health problems E.g heart diseases, advanced diabetes, blood pressure (BP). In my view the issue of health is not limited to health services, health is a specific culture that can be attened by harmonizing body and mind. To reach this health conditions, in addition to a good healthy services, base on my background in Health and Environmental Safety (HES) I Ezeugo have a good health investment programs that will help improve following area - health education, Custom and traditions, food and environmental hygiene, sports, provisions of safe drinking water, public awareness in various aspects of life. Ezeugo have all it take to make Idemili bat

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