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CBN Bans Cryptocurrency In Nigeria

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National Bank of Nigeria has taken an action to stop the exchanging of Cryptocurrency in the country.

In a roundabout sent by the Director Of Banking Supervision, Bello Hassan to all Deposit Money Banks, Non-Bank Financial Institutions and Other Financial establishment the CBN said there are hazard related with exchanges in digital currency.

Cbn ban crypto currency exchange in Nigeria

In the interim, the Central Bank Of Nigeria pronounced that managing in digital money or encouraging installments for cryptographic money exchanging is currently restricted in Nigeria.

Be that as it may, Banks have been requested to check their framework and recognize the records of individuals who have executed cryto-cash before and block their records with prompt impact.

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