Last Friday, the Central Bank of Africa (CBN) shocked Nigerians with a sudden ban that prevents them from buying cryptocurrency using their bank accounts. The directive instructed Deposit Money Banks (DMBs) and other financial institutions to stop transacting in/and with entities dealing in cryptocurrencies, with immediate effect. Following the negative blowback of the new order, … Continue reading Analyzing CBN’s Reasons for the Crypto Ban – Justified or Simply Detached from Reality?
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