Home Southern Africa Namibia Namibia: Windhoek Crypto Scheme Operator Loses Court Bid to Unfreeze Bank Accounts

Namibia: Windhoek Crypto Scheme Operator Loses Court Bid to Unfreeze Bank Accounts

Namibia: Windhoek Crypto Scheme Operator Loses Court Bid to Unfreeze Bank Accounts

A windhoek resident who ran a cryptocurrency investment scheme, that was closed down by the Bank of Namibia, has failed with an attempt to regain access to his frozen bank accounts.

A claim in which investment scheme operator Ruaan Smith asked the Windhoek High Court to unfreeze his bank accounts was dismissed by judge Eileen Rakow on Friday.

Rakow ordered Smith to pay the legal costs of the Bank of Namibia (BoN) and BoN official Romeo Nel in the matter.


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