The designated licensed financial institutions include all banks, finance houses and all other CBN licensed agencies operating customer accounts, while the implicated cryptocurrencies include Bitcoin, Ripples, Monero, Litecoin, Dogecoin, Etherum, Perfectmoney as well as the NairaEx, the trending exchange where the Naira is traded for the cryptocurrencies. The recent circular itself referred to an earlier one on the same subject dated January 12, 2017. Expectedly, the latest action by the apex bank has attracted a wave of reactions from several stakeholders in cryptocurrency transactions as well as other members of the public – the latter out of interest in the mystique associated with the cryptocurrency matter, given that it does not exist in a physical form.