The Central Bank of Nigeria (CBN) said there was no time the bank banned the activities of Cryptocurrencies in the country.

The Governor of the bank, Godwin Emefiele, disclosed this in Abuja at the 30th seminar for Finance Correspondents and Business Editors organised by the bank.

Emefiele, who was represented by Adamu Lamtek, Deputy Governor, Corporates Services, said what the bank did was to protect the banking sector from the activities of Cryptocurrencies and not a ban on its activities.

"The CBN did not place restrictions from use of Cryptocurrencies and we are not discouraging people from trading in it. What we have just done was to prohibit transactions on Cryptocurrencies in the banking sector."

https://www.today.ng/business/finance/cbn-nigerians-free-bitcoin-353492/amp

CBN have come back to their senses

CBN..Confused Bank of Nigeria.

Shows people with inept knowledge in corridor of power starting from Buhari himself.

donbachi:
CBN..Confused Bank of Nigeria.

Waiy till an official announcement is made.
Don't fall for /scheming

Modified....

It's been confirmed

Na govt be this?

Lol

They came back after much explanation

Old men

What's the celebration about?
Fu*k this govt.

Waiting for the official announcement

Who tell una say ppl no dey buy&sell crypto.... Stupid policy makers...

Well, no matter how much Mefi pretends, it's obviously obvious the are scared for another ENDSARS

The should allow us buy with our atm card, though btc is not my source of living but it is more promising than shithole currency we are using...
Some of my customers do pay with btc...

A Confuse Bank of Nigeria

Prohibition of bitcoins transactions in banks. Is that not a technical ban or am I missing something?

They made bitcoin become more popular in Nigeria.

Nothing new

They should let crypt0 be and fix the Naira which is in an abysmal state...if not, our reserves one day may be in bitc0in or the country may go borrowing in bitc0in from the likes of Tesla to fund projects.

Others have opposed it and later came around...

Trials and error by incompetence Government

Cruises everyday..

Lols...its only in Nigeria that a circular will sent to explain a circular early sent before a press release to clarify the intentions of both circulars.

. GOD NEWS for THE Yahoo Yahoo !

Watch out, cbn will deny this news soon..

Yeah, they didn't ban it but they block accounts that are used to trade it, what's the difference??
Emefiele is a stupid economist, meanwhile the US government has about 70,000 Bitcoins and Nigeria is restricting its banks from trading Bitcoins

What's happening?

This half baked Igbo economist again.
I’m sure if Emefiele were to be a northern, all these online urchins would be convulsing about his competence.

I hail Nigeria government.

This right here is a perfect reason why Nigeria will never be better.

Cbn under Emefiele is a double edged sword - speaking with both sides of the mouth.

Hmm. . .yet police are going about extorting those found with any trading app on their phones. CBN is indeed confuse.