This is very bad for those young guys that are doing business in cryptocurrency. I believed Central Bank of Nigeria really know what they are doing because this single act will lead to loss of jobs. Let's quit and see what in a few days time.
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As a Nigerian, I am not surprise about this move of the central Bank. Being the second biggest cryptocurrency trading nation, the government thinks that hurting growth of the digital currency would help the local naira in value. Many people do not need the services of bank to make crypto deals in Nigeria.Central Bank of Nigeria bans banks from servicing crypto exchanges
Nigeria's central bank has banned financial institutions from rendering services to crypto exchanges.cointelegraph.com
CBN instructs banks to close accounts related to Crypto
The Central Bank of Nigeria has notified Deposit Money Banks, Non-Financial Institutions, other financial institutions against doing business in Cryptonairametrics.com
Has the above news affected any of our Nigerian Members? If so, I would imagine there are ways around this so to not have issues.
It hasn't amd wouldn't affect us, this very unfortunate for the government and the Apex bank, they are just throwing tantrums due to how the youths used crypto Currencies to fund a protest that shook the country.Central Bank of Nigeria bans banks from servicing crypto exchanges
Nigeria's central bank has banned financial institutions from rendering services to crypto exchanges.cointelegraph.com
CBN instructs banks to close accounts related to Crypto
The Central Bank of Nigeria has notified Deposit Money Banks, Non-Financial Institutions, other financial institutions against doing business in Cryptonairametrics.com
Has the above news affected any of our Nigerian Members? If so, I would imagine there are ways around this so to not have issues.
Seriously Bro, who did we offend in this country?This is a bad step taken by the Nigerian Government as Nigeria is the second largest user of crypto currency in the world after United States of America. However, Different crypto currency exchange platform have issued out memo to Investors that they are still reviewing the situation so we are still awaiting their further action as regards the new policy from the government.
We are yet to confirm its effect probably tomorrow when we receive our withdrawal and then exchange it. But could there be any way bizdustry can assist Nigeria subscribers in getting paid in our local currency Naira?Central Bank of Nigeria bans banks from servicing crypto exchanges
Nigeria's central bank has banned financial institutions from rendering services to crypto exchanges.cointelegraph.com
CBN instructs banks to close accounts related to Crypto
The Central Bank of Nigeria has notified Deposit Money Banks, Non-Financial Institutions, other financial institutions against doing business in Cryptonairametrics.com
Has the above news affected any of our Nigerian Members? If so, I would imagine there are ways around this so to not have issues.