Tag: cryptocurrencies

  • CBN Gives Reasons Cryptocurrencies are Banned in Nigeria

    CBN Gives Reasons Cryptocurrencies are Banned in Nigeria

    The Central Bank of Nigeria (CBN) has given reasons why the Cryptocurrencies were banned in Nigeria. In a statement on Sunday, February 7 by the Acting Director, Corporate Communications, Osita Nwanisobi, the apex bank said it did not place any new restrictions on cryptocurrencies. According to him, “The use of cryptocurrencies in Nigeria are a…