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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)$72,797.00-4.10%
  • ethereumEthereum(ETH)$2,146.66-4.32%
  • tetherTether(USDT)$1.00-0.07%
  • binancecoinBNB(BNB)$695.55-7.78%
  • rippleXRP(XRP)$1.49-5.56%
  • usd-coinUSDC(USDC)$1.000.00%
  • solanaSolana(SOL)$91.62-6.73%
  • tronTRON(TRX)$0.282320-1.42%
  • staked-etherLido Staked Ether(STETH)$2,258.91-3.75%
  • dogecoinDogecoin(DOGE)$0.103493-2.93%