The Central Bank of Nigeria ATTACKS Cryptocurrency in Nigeria With This Notice

Nigeria – we are unique. Yes, the Central Bank of Nigeria (CBN) has released a regulatory hammer: all cryptocurrency entities are banned in the Nigerian banking system. So, exchanges, participants, brokers, dealers, crypto-fintechs, etc are banned. Sure, things will get crazier now as these guys will move to the black market as I am sure no CBN rule can stop young people and their cryptocurrencies. People will be crying in Lagos now as there are many crypto exchanges that would see their accounts CLOSED immediately. Yet, you cannot blame CBN – it has access to data many of us do … Continue reading The Central Bank of Nigeria ATTACKS Cryptocurrency in Nigeria With This Notice