cbn
Nigeria Unbans Crypto, Yellow Card Exchange Seeks Licensing
In a circular dated December 22, 2023, Nigeria’s apex bank, the Central Bank of Nigeria (CBN) has unbanned crypto transactions in banks operating in the West African country, prompting the Pan-African trading firm, Yellow Card Exchange to seek Nigerian licensing.… Continue Reading
CBN Crypto Ban: How FBI Warned of fraudulent Funds Wired to Nigeria via Crypto transactions
The ban on crypto related trading by the Central Bank of Nigeria may be related to warnings sent to the government by the United States’ Federal Bureau of Investigation (FBI) of an alarming rate of funds wired weekly to Nigeria … Continue Reading
CBN orders banks to close cryptocurrency accounts
The Central Bank of Nigeria has directed banks in the country to close all cryptocurrency-related accounts.
The bank said this in a statement on Friday in a letter that has now gone viral and confirmed by Osita Nwanisobi, CBN spokesman..… Continue Reading