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Nigerian Crypto and Blockchain Advocacy Group: Freezing or Closure of Bank Accounts Not Supported by Law

November 23, 2021 by DIGIT
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The Blockchain Industry Coordinating Committee of Nigeria (BICCON), has said it is not lawful for Nigerian financial institutions to arbitrarily freeze or close bank accounts belonging to individuals or entities accused of trading cryptocurrency. Affected Crypto Entities Told to Seek Legal Advice In a public statement issued on November 22, BICCON — a coalition of […]

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Categories account freezing orders, Blockchain, Blockchain Industry Coordinating Committee of Nigeria (BICCON), CBN crypto, Central Bank of Nigeria, Cryptocurrency, cryptocurrency traders, Nigeria crypto, Regulation
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  • bitcoinBitcoin(BTC)$87,712.000.41%
  • ethereumEthereum(ETH)$2,941.510.48%
  • tetherTether(USDT)$1.000.00%
  • binancecoinBNB(BNB)$840.480.69%
  • rippleXRP(XRP)$1.871.24%
  • usd-coinUSDC(USDC)$1.000.01%
  • solanaSolana(SOL)$123.961.05%
  • tronTRON(TRX)$0.2835731.31%
  • staked-etherLido Staked Ether(STETH)$2,940.840.54%
  • dogecoinDogecoin(DOGE)$0.1239450.98%
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  • bitcoinBitcoin(BTC)$87,712.000.41%
  • ethereumEthereum(ETH)$2,941.510.48%
  • tetherTether(USDT)$1.000.00%
  • binancecoinBNB(BNB)$840.480.69%
  • rippleXRP(XRP)$1.871.24%
  • usd-coinUSDC(USDC)$1.000.01%
  • solanaSolana(SOL)$123.961.05%
  • tronTRON(TRX)$0.2835731.31%
  • staked-etherLido Staked Ether(STETH)$2,940.840.54%
  • dogecoinDogecoin(DOGE)$0.1239450.98%