Friday, February 3

Tag: Crypto Nigeria

Nigerian Industry Group Calls Out Public Institutions Over Unlawful Cryptocurrency Stance
Cryptocurrency

Nigerian Industry Group Calls Out Public Institutions Over Unlawful Cryptocurrency Stance

The Stakeholders in Blockchain Technology Association of Nigeria (IBAN), a group created in 2018 to promote blockchain adoption in Nigeria, have reached out to public institutions about the wrongful stigmatization of crypto and blockchain users in the country.  Read Also: Crypto Gains Bullish Voices on Social Media As Stated By Santiment SiBAN: Crypto Is Not Illegal in Nigeria In a press release shared with Coinfomania, SiBAN noted that the use of cryptocurrencies is not unlawful in Nigeria, but authorities treat crypto investors like criminals. Recall that early last year, the Central Bank of Nigeria (CBN) issued a circular to financial institutions in the country, including Deposit Money Banks (DMBs) and Non-Financial Institutions (NBFIs), ...