Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,010,468 members, 7,357,927 topics. Date: Tuesday, 21 March 2023 at 10:57 PM
Nairaland Forum / Science/Technology / Technology Market / Nigerians Blast Federal Government As CBN Bans Cryptocurrency (491 Views)
Ultimate Ears BLAST Wireless Portable Speaker with Alexa / powerful X-metal bass blast LG hifi system / Notice Of Federal Government Auction (2) (3) (4)
|Nigerians Blast Federal Government As CBN Bans Cryptocurrency by Molan123: 3:41pm On Feb 05, 2021|
Nigerians react as the Central Bank of Nigeria bans cryptocurrency exchange in the country.
In a circular, making rounds on social media on Friday afternoon, and critically seen by Rayoonline, the Nigerian bank regulator ordered deposit money banks, non-bank financial institutions, and other financial institutions to “identify persons and/or entities transacting in or operating cryptocurrency exchanges within their systems and ensure that such accounts are closed immediately. “
Reacting to this, Twitter users have lambasted the Central Bank of Nigeria for banning banks from processing cryptocurrencies.
See reactions below, https://rayoonline.com/nigerians-blast-federal-government-as-cbn-bans-cryptocurrency/
|Re: Nigerians Blast Federal Government As CBN Bans Cryptocurrency by Danielepum2000(m): 3:47pm On Feb 05, 2021|
Breaking news, CBN has banned crypto in Nigeria. Below is the letter in written form
Central Bank OF NIGERIA
Banking Supervision Department
Central Business District
P.M.B. 0187 Garki, Abuja.
February 5, 2021
LETTER TO ALL DEPOSIT MONEY BANKS, NON-BANK FINANCIAL
INSTITUTIONS AND oTHER FINANCIAL INSTITUTIONS
The Central of Bank of Nigeria's (CBN) circular of January 12, 2017 ref
FPR/DIR/GENICIR/06/010 which cautioned Deposit Money Banks (DMBs).
Non Bank Financial Institutions (NBF1s), Other Financial Institubions (OFls) and members of the pubic on the risk associated with transactions in crypto cumency refers.
Further to earlier regulatory directives on the subject. the Bank hereby wishes to remind regulated institutions that dealing in crypto currencios or facilitating payments for cryptocurency exchanges is prohibited.
Accordingly, all DMBs, NBFls and OFls are directed to identifly persons andior entties transacting in or operating crypto currency exchanges within their systems and ensure that such accounts ara closed immediately
Please note that breaches of this directive will attract severe regulatory sanctions.
This letter is with immediate effect.
DIRECTOR PAYMENTS SYSTEM
DIRECTOR OF BANKING SUPERVISION
click to see pictures
hat is your take on this? Should they revert their change? Do you think cryptocurrency is yahoo? Drop your opinion in comment section in that click to see more pictures which is my blog❤️
Always subscribe to get notified of any latest updates
SOLD!!! Dell G5 15 5587 @350K / sold!Iphone 7 Plus 32gb 90k / Apple Watch Series 4 44mm Nike Box And Accessories 110k! SOLD SOLD SOLD!!!
|Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health |
religion celebs tv-movies music-radio literature webmasters programming techmarket
Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)
Nairaland - Copyright © 2005 - 2023 Oluwaseun Osewa. All rights reserved. See How To Advertise. 45