BoN warns Crowd1 participants and promoters to cease activities

Contributed by NAMPA.

GOBABIS, 23 FEB (NAMPA) – The Bank of Namibia (BoN) has advised the promoters and participants of Crowd1 to stop their business operations immediately as failure to do so will see the bank taking further action against them.
This comes after an investigation into the business model of Crowd1 Network Limited by the central bank in accordance with the Banking Institutions Act 1998 (Act No. 2 of 1998) as amended.
BoN Director of Strategic Communications, Emma Haiyambo in a media statement availed t ...