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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)$109,596.00-0.04%
  • ethereumEthereum(ETH)$2,782.473.58%
  • tetherTether(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.29-0.93%
  • binancecoinBNB(BNB)$669.170.58%
  • solanaSolana(SOL)$164.553.12%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.1956920.81%
  • tronTRON(TRX)$0.2895200.49%
  • cardanoCardano(ADA)$0.710.36%
  • bitcoinBitcoin(BTC)$109,596.00-0.04%
  • ethereumEthereum(ETH)$2,782.473.58%
  • tetherTether(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.29-0.93%
  • binancecoinBNB(BNB)$669.170.58%
  • solanaSolana(SOL)$164.553.12%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.1956920.81%
  • tronTRON(TRX)$0.2895200.49%
  • cardanoCardano(ADA)$0.710.36%
© 2025 DIGIT INFO • Built with GeneratePress
  • bitcoinBitcoin(BTC)$109,596.00-0.04%
  • ethereumEthereum(ETH)$2,782.473.58%
  • tetherTether(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.29-0.93%
  • binancecoinBNB(BNB)$669.170.58%
  • solanaSolana(SOL)$164.553.12%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.1956920.81%
  • tronTRON(TRX)$0.2895200.49%
  • cardanoCardano(ADA)$0.710.36%
  • bitcoinBitcoin(BTC)$109,596.00-0.04%
  • ethereumEthereum(ETH)$2,782.473.58%
  • tetherTether(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.29-0.93%
  • binancecoinBNB(BNB)$669.170.58%
  • solanaSolana(SOL)$164.553.12%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.1956920.81%
  • tronTRON(TRX)$0.2895200.49%
  • cardanoCardano(ADA)$0.710.36%