CBN BANS CRYPTOCURRENCY (BITCOIN)
CBN BANS CRYPTOCURRENCY (BITCOIN) BY: ORIH MICHAEL CHINAEMEREM The CENTRAL BANK OF NIGERIA has ordered banks and other financial institutions to close accounts of customers that is being used in the trading of cryptocurrencies. In a circular circulating on social media on Friday, the Central Bank of Nigeria ordered banks, non-bank financial institutions and other financial institutions to “identify persons and/or entities transacting in or operating cryptocurrency exchanges within their systems and ensure that such accounts are closed immediately. “