In a circular sent by the Director Of Banking Supervision, Bello Hassan to all Deposit Money Banks, Non-Bank Financial Institutions and Other Financial institution the CBN said there are risk associated with transactions in crypto currency.
Meanwhile, the Central Bank Of Nigeria declared that dealing in crypto-currency or facilitating payments for crypto-currency trading is now prohibited in Nigeria. CBN Bans Cryptocurrency In Nigeria, Orders Banks To Block Accounts Of Nigerians Trading Bitcoin.
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