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CBN Orders Banks, Others To Close Cryptocurrency Accounts

The Central Bank of Nigeria (CBN) on Friday directed deposit money banks (DMBs), Non-Bank Financial Institutions (NBFIs) and Other Financial Institutions (OFIs) to immediately close cryptocurrency exchange bank accounts. The apex bank, in a letter dated February 5,2021, titled ‘Letter To All Deposit Money Banks, Non-Bank Financial Institutions And Other Financial Institutions’ and signed by […]