CBN: Our position on cryptocurrency trading in Nigeria


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CBN: Our position on cryptocurrency trading in Nigeria

Osita Nwanisobi, Ag. Director, Corporate Communications at CBN explains the position of the banking regulator in a statement titled “Response to Regulatory Directive on Cryptocurrencies” obtained by Technology Times, and reproduced below:

The attention of the Central Bank of Nigeria (CBN) has been drawn to various comments and reactions following our recent reminder to Deposit Money Banks (DMBs) to desist from transacting in / and with entities dealing in cryptocurrencies. Most of these reactions reveal that there appears to be a need to provide further justifications about our position, especially to the general public.



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