It turns out that not only in Bangladesh, Nigerian banks also took part in rejecting the exchange of cryptocurrency, I think that despite this refusal, there are parties who do not like the presence of cryptocurrency in their country. How long will this continue, they should have realized that with the exchange of cryptocurrency, it would be a freedom to carry out transactions between countries. yeah I know any Nigerian bank or any bank, never felt open to cryptocurrency.
This is happening is many other countries too like i heard that Indian government is also bringing an ordinance to ban the private crypto currencies and maybe introduce their own centralize digital currency.
Quote
Further to earlier regulatory directives on the subject, the bank hereby wishes to remind regulated institutions that dealing in cryptocurrencies or facilitating payments for cryptocurrency exchanges is prohibited.
Accordingly, all DMBs, NBFIs and OFIs are directed to identify persons and/or entities transacting in or operating cryptocurrency exchanges within their systems and ensure that such accounts are closed immediately.
- https://www.cbn.gov.ng/Out/2021/CCD/Letter%20to%20All%20Banks%20on%20Crypto%20Currency.pdfAccordingly, all DMBs, NBFIs and OFIs are directed to identify persons and/or entities transacting in or operating cryptocurrency exchanges within their systems and ensure that such accounts are closed immediately.
You should expect your accounts to be suspended soon if you've transacted with Binance Nigeria and other exchanges or custodial service using your bank account before. I hope you will find other ways to convert your cryptocurrencies to fiat and vice versa. Are there enough merchants that you can deal with P2P?
You should use any P2P exchange for this purpose and also when transferring money in your bank account, ask the sender to not state any word like bitcoin in the description/purpose of payment.