CRYPTO FULLY BACK IN NIGERIA: GOOD NEWS FOR CRYPTO LOVERS?
Nigeria's Central Bank lifts a 2-year crypto ban with new stringent guidelines for transparency and security.
Banks must now conduct rigorous customer checks, obtain BVN for crypto business owners, and adhere to SEC regulations.
Despite imperfections, industry leaders like Quidax CEO Buchi Okoro express optimism, emphasizing the importance of building confidence.
The move aims to align with global standards, striking a balance between innovation and consumer protection.
A pivotal moment in Nigeria's crypto journey, these changes are set to attract more participants and foster a secure crypto environment.