The crypto industry in Nigeria has been hit with a major setback. According to a recently released circular by the Central Bank of Nigeria (CBN), all banks, non-bank financial institutions (NBFI) and other financial institutions in the country have been directed to identify and shut down accounts of persons or companies transacting or operating cryptocurrency exchanges within their system.

The new directive means that any Nigerian’s account can be shut down for transacting or operating cryptocurrency in the country.

The regulator added that any breach to the directive will attract severe sanctions.

Continue reading.. https://technext.ng/2021/02/05/cbn-orders-banks-to-shutdown-accounts-of-people-and-companies-transacting-cryptos/

The want us to become a thief right ?