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BREAKING: President Tinubu Lifts Ban On Bitcoin, Other Cryptocurrencies - Investment - Nairaland

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BREAKING: President Tinubu Lifts Ban On Bitcoin, Other Cryptocurrencies by Nikavi: 3:08pm On Jun 08, 2023
Bitcoin and other cryptocurrencies have long been a topic of debate and regulatory scrutiny worldwide, and Nigeria has been no exception.

In February 2021, the Central Bank of Nigeria (CBN) issued a circular to deposit money banks (DMBs), non-bank financial institutions (NBFIs), and other financial institutions (OFIs) to close accounts of persons or entities involved in cryptocurrency transactions within their systems.

The CBN further warned local financial institutions against dealing in crypto-assets or facilitating payments for crypto exchanges.

The apex bank cited concerns over money laundering, terrorism financing, cybercrime and the volatility of cryptocurrencies as reasons for the ban on Bitcoin.

Read more at

https://www.premiumnews.com.ng/2023/06/breaking-president-tinubu-lifts-ban-on.html

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Re: BREAKING: President Tinubu Lifts Ban On Bitcoin, Other Cryptocurrencies by cashtips(m): 10:33pm On Jun 08, 2023
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In February 2021, the Central Bank of Nigeria (CBN) issued a circular to deposit money banks (DMBs), non-bank financial institutions (NBFIs), and other financial institutions (OFIs) to close accounts of persons or entities involved in cryptocurrency transactions within their systems.

The CBN further warned local financial institutions against dealing in crypto-assets or facilitating payments for crypto exchanges.

The apex bank cited concerns over money laundering, terrorism financing, cybercrime and the volatility of cryptocurrencies as reasons for the ban on Bitcoin.

Read more at

https://www.premiumnews.com.ng/2023/06/breaking-president-tinubu-lifts-ban-on.html[/quote]

(1) (Reply)

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