Newest On Bitcoin Rules In Nigeria

An order from the Central Financial institution of Nigeria (CBN) barring monetary establishments from servicing cryptocurrency transactions, successfully “banning Bitcoin” within the nation, withstands greater than 16 months later, regardless of the Nigerian Safety and Trade Fee (SEC) just lately releasing new laws for digital belongings and the continued important adoption and use of Bitcoin within the nation.

How Will The Newest Regulation In Nigeria Influence Bitcoin?

Final month, the Nigerian SEC launched a set of laws aimed toward governing the issuance, trade and custody of digital belongings there. These new units of digital belongings laws are a follow-up to a September 14, 2020 dedication to work on regulation that might remedy lots of the perceived issues with the cryptocurrency market in Nigeria.

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