Post
Topic
Board Economics
Merits 1 from 1 user
Re: Nigerian Banks To Close Accounts Involved with Crypto
by
Charles-Tim
on 05/02/2021, 17:16:58 UTC
⭐ Merited by d5000 (1)
...
I posted this on our local thread some hours ago, I thought it was fake news, but it is true as I read it from Punch.
https://bitcointalk.org/index.php?topic=5121680.msg56274188#msg56274188

This is becoming true, I have just checked punch, one of the most recognized news source in Nigeria.

https://punchng.com/cbn-orders-banks-to-close-crypto-currency-accounts/

Quote
The Central Bank has ordered banks and other financial institutions to identify persons and entities operating cryptocurrency exchanges and close all such accounts.

It stated that dealing with cryptocurrencies and facilitating payments through them are illegal in the country.

This was disclosed in a circular titled ‘Letter to all Deposit Money Banks, non-bank financial institutions and other financial institutions’ Friday.