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Wilfred Michael Profile picture
Wilfred Michael
@CryptoWilfred
I write about #Bitcoin, cryptocurrencies, and #Web3.
Feb 5, 2021 • 17 tweets • 13 min read
Nigerian Central Bank Officially Ban Banks From Dealing With Crypto

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