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Questions tagged [2021 ban]

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Martina Martina Fri Nov 22 2024 | 6 answers 1843

Why did the CBN ban crypto transactions in 2021?

In 2021, the Central Bank of Nigeria (CBN) issued a directive prohibiting banks and other financial institutions from facilitating crypto-related transactions, citing concerns over the potential risks such as fraud, money laundering, and the impact on the country's financial stability.

Why did the CBN ban crypto transactions in 2021?

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