Crypto Ban: What the future holds for Nigeria's fintech companies
ADVERTISEMENT On February 5, the Central Bank of Nigeria (CBN) issued a ruling instructing all financial institutions to stop the facilitation of all transactions involving cryptocurrencies. It also goes further asking all the regulated bodies to identify individuals or organizations engaging in cryptocurrency transactions within their system and shut down their accounts with immediate effect. Finally, the circular note that failure to adhere to the directives will attract severe regulatory sanctions on the part of the regulated entity. Let’s face it, cryptocurrency is a big deal in Nigeria...
Source: premiumtimesng.com