Post
Topic
Board Nigeria (Naija)
Re: OPERATING A CRYPTO TRADING COMPANY IN NIGERIA: REGULATORY REQUIREMENTS.
by
AVE5
on 29/11/2024, 09:04:06 UTC
The laws concerning crypto for Naija no too dey clear, the other time no be government dey warn banks make dem no dey involved in any form with crypto transactions, banks like Opay, Palmpay, etc, even put up warning on their platform say dem fit seize your money if dem find out say e get connection with crypto.

If government wan make exchanges come register under the appropriate body, then make dem dey open to the industry, no be by locking up Binance representative for months, before finally releasing him few weeks ago. I don't think too many exchanges go register nor follow this guideline.

The enforcement of suspending those Fintech banks were later lifted that's why we've got them bank with the crypto transaction.
I'll agree with you that our government hasn't been so fair and transparent with us with the same polices they proclaimes, they behave too cheap like they're only attracted to behind closed doors alignments. If u hey could speculate that we shouldn't engage on transaction with those Fintech banks and same time calls them back to operation, they don't they still make it official and let the masses know we can retrieve back to continue our crypto transactions with them after banned/suspension being lifted.