CBN Bans Nigeria From Trading In Cryptocurrency

The Central Bank of Nigeria has directed all financial institutions to close accounts of customers who use their systems for cryptocurrency trading.

Cryptocurrency

The apex bank ordered deposit money banks, non-bank financial institutions and other financial institutions to “identify persons and/or entities transacting in or operating cryptocurrency exchanges within their systems and ensure that such accounts are closed immediately.”

The virtual or digital currency that appreciates or depreciates on the whims of market forces has gained grip globally and in Nigeria lately.

In 2020, crypto marketplace Paxful reported that Nigeria had the world’s second-largest Bitcoin by trading volume.

6-Weeks-Old Baby Dies During Baptism In Romania
Lagos State Government To Phase Out Danfo Buses

What Do You Think?

This site uses Akismet to reduce spam. Learn how your comment data is processed.