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Nigerian fintechs crack down on crypto, users face account blocks

May 3, 2024 by DIGIT
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The Nigerian central bank’s attitude to crypto has been inconsistent in recent years, and the crackdown contradicts a decision taken in 2021 to facilitate crypto account opening.

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Categories account closure, cbn, Central Bank of Nigeria, crypto transactions, Cryptocurrency, Financial Institutions, Fintech, Moniepoint, Nigeria, Paga, Palmpay, Regulatory Compliance, virtual assets
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  • bitcoinBitcoin(BTC)$90,538.00-2.23%
  • ethereumEthereum(ETH)$3,110.04-2.05%
  • tetherTether(USDT)$1.000.00%
  • rippleXRP(XRP)$2.07-3.02%
  • binancecoinBNB(BNB)$889.16-2.10%
  • usd-coinUSDC(USDC)$1.000.01%
  • solanaSolana(SOL)$135.74-4.93%
  • tronTRON(TRX)$0.2847960.87%
  • staked-etherLido Staked Ether(STETH)$3,106.81-2.18%
  • dogecoinDogecoin(DOGE)$0.142981-4.19%