CBN orders banks to close accounts of crypto exchanges

CBN orders banks to close accounts of crypto exchanges

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The Central Bank of Nigeria has said its 2017 prohibition on cryptocurrency activities and exchanges remain unchanged. In a letter addressed to deposit money banks, non-bank financial institutions; other financial institutions, and members of the public, the apex bank said dealing in cryptocurrencies and facilitating payments for cryptocurrency exchanges is prohibited. “Accordingly, all DMBs, NBFIs,…

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