Tag Archives: Cryptocurrency

The Central Bank of Nigeria, CBN, has responded to the public condemnations over its decision to ban transactions in cryptocurrencies in the country, saying crypto doesn’t hold any legal status. “Most of these reactions reveal that there appears to be a need to provide further justifications about our position, especially …

The Central Bank of Nigeria (CBN) has ordered banks to close corporate and personal accounts transacting in cryptocurrency in Nigeria. This is according to a circular dated 5th February 2021 distributed to deposit money banks (DMBs), non-bank financial institutions (NBFIs), and other financial institutions (OFIs). “Further to earlier regulatory directives …