good news for nigerian

Central Bank of Nigeria (CBN) has lifted the ban it imposed two years ago on cryptocurrency transactions in the Nigerian banking system.

The CBN announced the reversal of the policy in a circular by Haruna Mustapha, di. ctor in charge of financial policy and regulation.

Mr Mustapha said the apex bank would now provide regulations for financial institutions on how to manage cryptocurrency to avoid misuse.

The News Agency of Nigeria (NAN) recalls that the CBN issued a circular in February 2021 restricting banks and other financial institutions from operating accounts for cryptocurrency service providers. #cbn #Nigeria @crypto_MOJ news $ETH $BTC $SOL