CBN Finally Releases Statement On Why They Banned Cryptocurrencies in Nigeria

CBN - Central Bank of Nigeria

The Apex bank in Nigeria CBN has reacted to condemnations trailing the directive to Deposit Money Banks (DMBs) to desist from transacting in cryptocurrencies.

In a statement on Sunday, Osita Nwanisobi, Acting Director, Corporate Communications, clarified that the CBN circular of February 5, 2021 did not place any new restrictions on cryptocurrencies.

READ ALSO: See Complete List of Countries Where ‘Cryptocurrency Trading’ Is Legal, Illegal

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READ ALSO: See Complete List of Countries Where ‘Cryptocurrency Trading’ Is Legal, Illegal

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