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HomeNewsCentral Bank of Nigeria Prohibits Commercial Banks from Providing Crypto Exchange Services

Central Bank of Nigeria Prohibits Commercial Banks from Providing Crypto Exchange Services

The Central Bank of Nigeria (CBN) has prohibited commercial banks and all other financial institutions nationwide from engaging in crypto exchange services. According to the CBN, the written announcement published on the 5th of February is a reminder of earlier warnings.

In the announcement, the CBN wrote:

dataImage Credits: Pixabay

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