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.”
12/20/2020 0 Comments
Bademosi’s firm created some crypto wallets to assist raise funds for the protests, highlighting projects once underway. Local activist groups like the Feminist Coalition had previously started raising funds in multiple fiat currencies to support the protesters.
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