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The Central Bank of Nigeria has directed banks to suspend the accounts of clients associated with Binance, Bybit, KuCoin, and OKX. 🇳🇬 The Central Bank of Nigeria (CBN) has instructed local financial institutions to identify and freeze the accounts of individuals or entities engaged in transactions with cryptocurrency exchanges for a period of six months, according to a circular cited by Cointelegraph. 😳 Bybit, KuCoin, OKX, and Binance were included in the list by the CBN as they lack licenses to operate in Nigeria. 👆 Additionally, the regulator plans to closely monitor USDT transactions on peer-to-peer platforms and aid in apprehending those illicitly involved with cryptocurrency exchanges. ✔️ CBN has announced a ban on regulated financial institutions from dealing with cryptocurrency and facilitating exchange transactions. Previously, since December 2023, 🏦 banks were permitted to provide services to cryptocurrency companies, including opening accounts and offering settlement services.

The Central Bank of Nigeria has directed banks to suspend the accounts of clients associated with Binance, Bybit, KuCoin, and OKX.

🇳🇬 The Central Bank of Nigeria (CBN) has instructed local financial institutions to identify and freeze the accounts of individuals or entities engaged in transactions with cryptocurrency exchanges for a period of six months, according to a circular cited by Cointelegraph.

😳 Bybit, KuCoin, OKX, and Binance were included in the list by the CBN as they lack licenses to operate in Nigeria.

👆 Additionally, the regulator plans to closely monitor USDT transactions on peer-to-peer platforms and aid in apprehending those illicitly involved with cryptocurrency exchanges.

✔️ CBN has announced a ban on regulated financial institutions from dealing with cryptocurrency and facilitating exchange transactions.

Previously, since December 2023, 🏦 banks were permitted to provide services to cryptocurrency companies, including opening accounts and offering settlement services.

Ansvarsfraskrivelse: Indeholder holdninger fra tredjepart. Ingen finansiel rådgivning. Se vilkår og betingelser.
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