-
A directive circulating in Nigeria asking to identify persons or entities transacting in or operating with Binance, Bybit, KuCoin and OKX has been called fake by the nation’s central bank.
-
The confusion around this directive comes after an ongoing saga between Binance and Nigeria’s government, which has made international headlines.
COINDESK
Nigeria’s central bank denied that it issued a directive asking regulated financial institutions in the country to identify persons or entities transacting in or operating with Bybit, KuCoin, OKX and Binance.
The denial came not long after CoinDesk reported that such a directive had been issued. A person familiar with the matter told CoinDesk that multiple market players have received the document.
After the CoinDesk report, the central bank issued a denial which was then deleted – but then it was later reissued via X. The Central Bank of Nigeria did not immediately respond to CoinDesk’s request for comment.
The document CoinDesk reported on was addressed to deposit money banks (DMBs), non-bank financial institutions (NBFls), other financial institutions (OFIs) and members of the public. It also cautioned and reminded the institutions that dealing in cryptocurrencies or facilitating payments for cryptocurrency exchanges is prohibited.
