Just In: CBN Orders Banks, Others To Close Cryptocurrency Accounts

CBN Bans Cryptocurrency In Nigeria. The Central Bank of Nigeria (CBN) has directed all Deposit Money Banks (DMBs), Non-Bank Financial Institutions (NBFIs) and Other Financial Institutions (OFls) to close the accounts used for cryptocurrency operations immediately. The CBN in a circular BSD/DIR/GEN/LAB/14/001 issued on Friday, ordered all financial institutions “to…

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