Africa Is Dying Gradually!!!!!! Nigeria’s Central Bank Orders Banks to Close Accounts of All Crypto Users Any breaches of the order would face "severe regulatory sanctions," the central bank warned. The CBN said it was reminding regulated banking institutions that "dealing in cryptocurrencies or facilitating payments for cryptocurrency exchanges is prohibited." As such, all banks should "identify persons and/or entities" transacting with cryptocurrency or operating crypto exchanges on their platforms and "ensure that such accounts are closed immediately." Any breaches of the order would face "severe regulatory sanctions," the order states. The CBN letter is signed by Bello Hassan, Director of Banking Supervision, and dated Feb. 5. 👎👎👎👎👎👎👎👎👎
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3 comments
Sounds like CBN is dying and it is with their last dying breath that CBN issues their last proclamation
are you on noise.cash? Only just got started this week. Been trying to find the people I follow
This is bad but expected everywhere. Luckily every user is a p2p exchange.