The National Bank of Ethiopia issued a statement reminding its citizens that business transactions made with bitcoin and other cryptocurrencies are “illegal”. Ethiopia’s central bank issued a ...

The National Bank of Ethiopia (NBE) has directed all commercial banks to set fees and charges related to purchases of foreign exchange (FX), limiting them to not more than 4 percent, with effect from ...

Ethiopia’s central bank has issued a strong warning to unlicensed money transfer operators, announcing plans to take strict enforcement actions against those conducting illegal remittance activities ...

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Ethiopia’s central bank issued a statement reminding its citizenry that business practices made with bitcoin are illegal. The National Bank of Ethiopia warned that “informal financial transactions” ...