CBN Bans Banks, Other Financial Institutions From Dealing In Cryptocurrency

The Central Bank of Nigeria on Friday, 5th of February, warned Commercial banks and all non-banking financial institutions to desist from dealing in cryptocurrencies and other related transactions.

The information was contained in a Circular released by the CBN on Friday.

The CBN further ordered banks to close all the accounts of customers transacting and dealing in Bitcoin immediately

See the circular below:

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