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The Central Bank of Nigeria (CBN) has recently taken significant regulatory actions against cryptocurrency transactions. The bank directed all financial institutions to identify and report individuals or entities transacting with four major cryptocurrency exchanges: Bybit, KuCoin, OKX, and Binance. Furthermore, these identified accounts are to be placed on a 'Post No Debit' status, effectively freezing them for a period of six months. This move is part of a broader pattern of fluctuating regulatory measures in Nigeria, including previous bans and restrictions on cryptocurrencies.
🚨NIGERIAN CENTRAL BANK TO FREEZE USER BANK ACCOUNTS THAT INTERACT WITH CRYPTO EXCHANGES - WHAT WE KNOW🚨 - The Central Bank of Nigeria (CBN) has ordered the nation’s banks to identify user accounts interacting with various crypto exchanges… - … Then issue a ‘Post No Debit’… https://t.co/PBVybLMI6A https://t.co/tsG1psuWRx
🚨BREAKING: NIGERIAN CENTRAL BANK TO FREEZE USER BANK ACCOUNTS CONNECTED TO @BINANCE, @OKX, @KUCOINCOM, @BYBIT_OFFICIAL
The Central Bank of Nigeria recently issued a directive requiring all banks and financial institutions to identify individuals or entities that transact with exchanges and ensure that these accounts are placed on a banned status for six months, including Bybit, KuCoin, OKX and…
