Re: Nigerian Banks To Close Accounts Involved with Crypto

Quote from: Mahanton on April 23, 2021, 06:18:06 PM

Yes, they are indeed working to lift that crypto ban.

Nigeria’s securities market regulator is working with the country’s central bank to forge a way forward for the embattled industry.
Source: https://coingeek.com/nigeria-sec-working-with-central-bank-to-lift-digital-currency-ban/

This is a good new for those people who lived there involved with crypto.

This is good news for the cryptocurrency users in Nigeria and should be resolved soon enough. Since cryptocurrency is not illegal in Nigeria, it doesn't make any sense to close down the bank accounts that are indulging in Bitcoin trading. Either there is a communication gap between the bank officials and the government, or the bureaucrats and politicians don't agree on how to deal with cryptocurrency. And from what I have seen from India, the bureaucrats are the biggest obstacle.