Nigeria Imposes Strict Crypto Rules After Lifting Ban

Nigeria has been a focal point in cryptocurrency discussions, predominantly driven by its surging adoption. However, a lack of clear regulations prompted the apex bank in the country to impose a ban on digital asset transactions. The dynamics might be poised for a transformation following a recent circular from the Central Bank of Nigeria (CBN). Revamping Regulatory Approach On December 22, 2023, the CBN issued a circular directing the countrys banks to align with global cryptocurrency trends. This circular supersedes previous ones from 2017 and 2021 that prohibited banks from...

source: https://tokenpost.com/Nigeria-Imposes-Strict-Crypto-Rules-After-Lifting-Ban-11009

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