Like Bitcoin and most other top cryptocurrencies the past few weeks have been stagnant for Ethereum The cryptocurrency has consolidated around 230 failing to breakout in either direction

The Central Bank of Nigeria CBN has threatened punitive sanctions against microfinance banks that violate the conditions of their operating license through the performance of foreign currencyrelated transactions In its latest circular the CBN claims that microfinance banks have a very low capitalization hence their handling of such transactions threatens the stability of the financial system

Justin Wales and Arnaldo Rego lawyers at Carlton Fields have surveyed all 50 states in the US looking for clarity on money transmitting laws as they relate to cryptocurrencies As adoption and general usage increases states appear to be failing to keep up leaving many enthusiasts to wonder if theyre committing a crime

Like Bitcoin and most other top cryptocurrencies the past few weeks have been stagnant for Ethereum The cryptocurrency has consolidated around 230 failing to breakout in either direction