Post
Topic
Board Nigeria (Naija)
Central Bank of Nigeria's actions led to increase in crypto activities.
by
Dari-phil44
on 06/08/2021, 16:58:40 UTC
It has been more than 6 months since the central bank of Nigeria CBN directed banks to stop serving customers from the crypto industry. While the measure appears to have succeeded in removing crypto entities from the banking ecosystem, the policy has however led to the growth of the peer to peer trading.
As some reports have shown, Nigeria's position as the biggest crypto currency market in Africa remains unchanged. For it's part, the CBN has complemented it's regular arguments against crypto currencies with the now routine assurances that Nigeria will have it's own digital currency soon.
Bitcoinnews.com