CBN prohibits cryptocurrencies across Nigeria.

The Central Bank of Nigeria (CBN) prohibits Cryptocurrency Transactions

The Central Bank of Nigeria (CBN ) warns financial institutions in case of facilitating crypto payments and other digital assets transactions. The circular indicated that cryptocurrency transactions are forbidden within the country and involved regulated institutions will be subject to strict sanctions. On the CBN site, the circular is available and distributed across regulated financial institutions, especially informing non-bank financial…