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CBN direct closure of Crypto currency accounts

The Central Bank of Nigeria has warned Banks against dealing with Crypto currency exchanges and close all such accounts in their domain immediately.

In a statement signed by the Directors of Banking Supervision, Bello Hassan and that of Payment Systems, Musa Jimoh, the Apex bank’s regulation concerning Crypto Currencies was still effective.

It also cautioned the public against transacting business with crypto currency dealers or exchanges.

The statement further directed banks and other financial institutions to stop facilitating payments for crypto currencies or risk regulatory sanctions.

Biodun Dare

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