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Cbn prohibited banks and other financial institutions from participating in cryptocurrency transactions.
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This is according to a circular seen by makemoney.ng. The central bank of nigeria (cbn) has directed deposit money banks (dmbs) and other financial institutions to close accounts of persons who are using their systems for cryptocurrency trading. Cbn prohibited banks and other financial institutions from participating in cryptocurrency transactions. Payment methods for buying crypto in nigeria. Following the recent ban by the nigeria government prohibiting nigerians from buying, selling and even trading cryptocurrency.
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