Crypto Currency News In Nigeria Today. The cryptocurrency market was trading mixed on friday. February 5, 2021, 6:37 am pst updated on february 5, 2021, 7:48 am pst.
Bitcoin is flying to mars, surges past $54,000. The central bank of nigeria has reportedly ordered all commercial banks in the country to freeze accounts with at least two individuals engaged in crypto trading. Cryptocurrency news (ccn) offers breaking news, analysis, price charts & more on the most popular cryptocurrencies such as bitcoin, litecoin, ethereum & ripple & emerging cryptocurrencies such as monero, stellar, dash & eos.
1.1M Cryptocurrency Trades Per Month In Nigeria On The Paxful Platform.
The circular which bears the insignia of the cbn and signatures of two of its top officials, orders regulated financial institutions to identify people and organisations. Cryptocurrency is a digital currency based on an innovative technology called the blockchain. Cryptocurrency news offers something for everyone.
Binance Explained That Approximately 38% Of The Mentioned Accounts Were Restricted At The Request.
5 2021, the nigerian naira was exchanging at 381 naira against the dollar.a. In february last year, the central bank of nigeria made a massive decision for the future of cryptocurrency in nigeria, they banned the trading of all cryptocurrencies across the country. The president subsequently solicited investment from foreign investors as a means of boosting the currency which was initiated by the central bank of nigeria, cbn.
Bitcoin Is Currently Changing Hands Just About $54,195.56, Representing A 7% Surge On The Day.
In addition, we briefly explored the meme token of the year. Simply put, it is comparable to exchanging money at an airport, bank or stock exchange. As nigeria’s crackdown on crypto trading gets dire, the central bank of nigeria orders commercial banks to freeze the accounts of two alleged crypto traders.
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You can buy bitcoin with credit/debit card in nigeria on crypto trading platforms for as low as ₦5,000 and cash out ₦400,000 within a few months if you choose to invest in the right coins. The enaira will complement the physical naira, which has weakened 5.6% this year despite the central bank’s efforts to stabilise the currency. Bitcoin, ethereum try to recover losses, risks remain.
On November 3, Director Of Banking.
The central bank of nigeria (cbn) has warned commercial banks and other financial institutions to desist from dealing in cryptocurrencies as it is illegal. $100 was spent on each trade on average. Some cryptocurrencies can be used like money to purchase goods.