Post
Topic
Board Economics
Re: Nigerian Banks To Close Accounts Involved with Crypto
by
marcbitcoins
on 08/02/2021, 11:01:59 UTC

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?

I suggest that they could find someone that they can trust who lives outside Nigeria with a Foreign account that accepts cryptocurrency transactions and connects them with their fiat local account. I know it's hard to do but there is probably nothing wrong with trying unless the punishment is imprisonment.