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Could you elaborate on the reasons behind the Central Bank of Nigeria's decision to ban crypto transactions in 2021? What specific concerns or challenges did they cite that led to this ban? How does this move impact the local <a href="https://www.btcc.com/en-US" title="cryptocurrency">cryptocurrency</a> ecosystem, especially in terms of investment and trade? Was there any public outcry or response from the crypto community? Furthermore, does this ban align with the global trend towards increased cryptocurrency adoption, or is it an outlier? Understanding the rationale behind this decision is crucial for assessing its long-term implications.
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