HomeParrot TalkativeCBN ban Nigerians From Trading Cryptocurrency, Good Move Or What Do You...

[Parrot Talkative]CBN ban Nigerians From Trading Cryptocurrency, Good Move Or What Do You Think About This??

spot_img
Parrot Ads

The Central of Bank of Nigeria’s (CBN) has sent out a directive shutting down cryptocurrency exchange bank accounts, according to multiple online reports.

According to a letter which surfaced online, the CBN earlier today urged banks to identify and close the bank account of people trading in cryptocurrency.

The letter reads;

LETTER TO ALL DEPOSIT MONEY BANKS, NON-BANK FINANCIAL INSTITUTIONS AND OTHER FINANCIAL INSTITUTIONS

The Central of Bank of Nigeria’s (CBN) circular of January 12, 2017 ref FPR/DIR/GEN/C1R,06/010 which cautioned Deposit Money Banks (DMBs), Non-Bank Financial Institutions (NBFIs), Other Financial Institutions (OFIs) and members of the pubic so the risk associated with transactions In crypto currency refers.

Father to earlier regulatory directives on the subject, the Bank hereby wishes to remind regulated institutions that dealing in crypto curencies or facilitating payments for cryptocurrency exchanges is prohibited. Accordingly, all DMBs.

NBFIs and OFIs are directed to identify persons and/or entities transacting in or operating crypto currency exchanges within tier systemsand ensure that such accounts are closed immediately. Please note that breaches of this directive will attract severe regulatory sanctions. This letter is with immediate effect.”

What do you think about this guys?

Drop Your comments below

Parrot Ads

15 COMMENTS

  1. How can you ban crypto transactions in 2021 !! A currency that’s growing our economy little by little.People are making money legitimately.Doubling their money and taking care of their families with it!They just want us to suffer! Our government hates progress!! It’s saddening💔

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

LATEST CONTENTS

Open chat
You need to promote with us, we are here to give you result worth more than you pay
Subscribe!