7/16/2022 0 Comments
Ironically, on Wednesday the Fed’s real-time settlement system FedWire went offline for a number of hours. Many financial institutions (including crypto exchanges) were stopped in their tracks as the system went down – an event the technology of which Bitcoin hasn’t experienced in the last 2,907 days.
Trading with Bitcoin has gained traction globally and in Nigeria lately; and most young people have been investing in the cryptocurrency world, buying and selling bitcoin and altcoins making profit for themselves.
But the apex bank is clearly not a fan of crypto currencies.
In a statement signed by Bello Hassan, Director of Banking Supervision; and Musa Jimoh, Director of Payments System Management Department, the CBN said:
"Further to earlier regulatory directives on the subject, the bank hereby wishes to remind regulated institutions that dealing in crypto currencies or facilitating payments for cryptocurrency exchange is prohibited.”
We will work around the clock to provide Crypto news.
Click on the dropdown button to translate.
Translate this page:
You can translate the content of this page by selecting a language in the select box.
All Altcoins Bakkt’s Exchange Bangladesh Crypto Currency News Bitcoin News Bitcoin Wallet Crypto Bills Crypto Currencies And Rappers Crypto Currency Exchange Crypto Currency News Crypto Currency Politics Crypto Price Prediction Crypto Roundups Crypto Staking Crypto Taxes Elon Musk Ethereum Federal Reserve Ira Platform Make Money MeMe Crypto Metaverse Mining’s Rig NFT Nigeria Crypto Currency News Our 1st Round Picks For 2022 PayPal Prophet Muhammad Crypto Currency Reddit News Robinhood Short Articles Stablecoin Staff Picks Vietnam Crypto Currency News