By Damilola Adeyemo
ABUJA – The Central Bank of Nigeria has instructed all financial and non financial institutions to stop any transaction in crypto and other other digital assets.
In a circular dated 5th February 2021 and distributed to regulated financial firms, the apex bank of Africa’s largest economy warned and reminded local financial institutions against having any transactions in crypto or facilitating payments for crypto exchanges.
The Central Bank also added that “breaches of this directive will attract severe regulatory sanctions.”
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