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Bloomberg: Nigeria imposes strict rules on banks after lifting cryptocurrency ban

Bloomberg: Nigeria imposes strict rules on banks after lifting cryptocurrency ban

CointimeCointime2024/01/04 04:29
By:Cointime

On January 4th, according to Bloomberg, the Central Bank of Nigeria issued its first guidance on opening cryptocurrency accounts for banks, while maintaining the ban on bank representatives holding or trading virtual assets themselves. These regulations were released on the central bank's website on Tuesday, detailing the regulatory agency's decision last month to lift the ban on banks operating accounts for cryptocurrency service providers. The article states: "The current global trend shows that it is necessary to regulate the activities of virtual asset service providers, including cryptocurrencies and encrypted assets."

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