The Central Bank of Nigeria (CBN), has directed Deposit Money Banks (DMBs), Other Financial Institutions (OFIs) and Non-Bank Financial Institutions (NBFIs) local financial institutions against having any transactions in Cryptocurrency or facilitating payments for Cryptocurrency exchanges.
CBN made this known today in a letter to all DMBs, OFIs and NBFIs. The regulator noted that “breaches of this directive will attract severe regulatory sanctions." “Further to other regulatory directive on the subject, the bank hereby wishes to remind regulated institutions that dealing in crypto currencies or facilitating payment from cryptocurrency exchanges is prohibited," it read further.
Got gist? SMS:08029976464 WhatsApp:08029976464 Email:inkubwa@gmail.com
No comments:
Post a Comment