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The ban mandated all commercial banks in Nigeria to close accounts belonging to cryptocurrency exchanges and other companies transacting in cryptocurrencies and cautioned of strong regulatory penalties on any entity that did not comply. By Sodiq Adewale Chocomilo On Mar 20 2021. Central Bank Of Nigeria Prohibits The Acceptance Of Foreign Currency Cash Deposits By Deposit Money Banks Bitcoin Nigeria Africa Any Access Bank account holders in Nigeria have already announced that their accounts have been locked. Latest news about cryptocurrency in nigeria . Convoke national dialogue now Southern governors tell Buhari. Nigeria has set the pace in the acceptance and use of cryptocurrency in Africa. The Central Bank of Nigeria CBN has reacted to criticism regarding the directive to Deposit Money Banks to ban transactions that make use of cryptocurrency. This is according to a circular issued on Friday to deposit money banks DMBs non-bank financial institutions NBFIs and other fina...

As a matter of fact cryptocurrency exchanges in India are anxious about the governments decision. In 2018 Indias central bank issued a circular banning the use of cryptocurrencies in India and directed banks to suspend bank accounts of players supporting purchase and sale of these currencies in India. Ue7ruzf3roajam The government at the Centre is planning to introduce a new law banning all private cryptocurrencies in the nation. Latest news about cryptocurrency ban in india . China imposed a ban on initial coin offerings in 2017 and asked crypto exchanges to shut down. Despite worries of a ban user registrations at local crypto-exchange Bitbns are up 30 fold from a year ago according to Bitbns CEO Gaurav Dahake. The cryptocurrency bill aims to create a framework for the creation of an official digital currency to be issued by the Reserve Bank of India. In inter-ministerial discussions lawmakers have reportedly discussed granting investors an exit window of 3-6 months befo...