We Didn’t Ban Crypto Trading in Nigeria : Nigeria’s Central Bank

We Didn’t Ban Crypto Trading in Nigeria : Nigeria’s Central Bank

ABUJA, NIGERIA | a statements coming out from Central bank of Nigeria said ‘We Didn’t Ban Crypto Or Bitcoin in Nigeria’ because of large amount of investors in Nigeria. Central Bank of Nigeria has clarified in a statement which issued last month that seemed to order financial institutions to shut down all accounts associated with Cryptocurrency in Nigeria or users of Nigerian naira.

According to a report on Sunday, where Bank’s officials have said the directive is not to be mistaken for an outright ban on CryptoCurrency user’s of Nigeria. Instead, The Bank said it has reiterated an already imposed 2017 ban on institutions facilitating cryptocurrency transactions. might it about to be an mistakes for Nigerian investors whom may loss Billions of USD.

Speaking on behalf of the Bank’s chief, Godwin Emefiele, within it, deputy Governor Adamu Lamtek said the bank had never banned cryptocurrency activity in the country. but economic structures weren’t moves on the CryptoCurrency like Accepting Payment in Crypto at Crude Oil or export and imports with Nigeria.

Now Might, Civilians of Nigeria, can Invest in CryptoCurrency from their own Country or Currency (Nigerian Naira) but government does not make any deal with cryptocurrencies.

In future, Central Bank of Nigeria may preparing for making their own Cryptocurrency when world are mostly Accepting or happening payments in Crypto like Switzerland, Malta, HongKong and other Asian, European, African and American countries as deal with Export or Import with foreign countries.

Finally, Nigerian investors now have an good news from Central bank to Buy/Sell Crypto and hold BTC, ETH and more cryptocurrency as safety of money.

Thank You!

Written By RKM