Special Feature

CBN CIRCULAR ON CRYPTOCURRENCY: CBN AND SEC SINGING DISCORDANT TUNES

By a Circular dated 5 February 2021 believed to have emanated from the the Central Bank of Nigeria (CBN), the apex Bank directs banks and other financial institutions to disscoatiate themselves from cryptocurrency transactions on the basis that it is prohibited. The CBN also directs that all accounts of persons transacting in cryptocurrency be closed. […]