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Nigerian Central Bank Officially Ban Banks From Dealing With Crypto
Time for a thread
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1/ I’ve gotten plenty of inquiries today following news that the Central Bank of Nigeria (CBN) has prohibited banks from servicing cryptocurrency exchanges.
Time for a thread
👇👇👇
1/ I’ve gotten plenty of inquiries today following news that the Central Bank of Nigeria (CBN) has prohibited banks from servicing cryptocurrency exchanges.
2/ CBN also ordered banks to identify their customers who deal with cryptocurrency and block their accounts if they continue to do so.
Many of you are probably wondering what’s going on, and what’s the way forward.
I’ll try to explain it in this thread in the simplest way I can
Many of you are probably wondering what’s going on, and what’s the way forward.
I’ll try to explain it in this thread in the simplest way I can
3/ What Happened?
The CBN issued an order
cbn.gov.ng/Out/2021/CCD/L…
Banks can no longer allow cryptocurrency exchanges to hold bank accounts with them.
Banks will also no longer allow customers to use their accounts to receive or send payments associated with cryptocurrency.
The CBN issued an order
cbn.gov.ng/Out/2021/CCD/L…
Banks can no longer allow cryptocurrency exchanges to hold bank accounts with them.
Banks will also no longer allow customers to use their accounts to receive or send payments associated with cryptocurrency.
