Advertisement
Business

BITCOIN Vs CBN: Nigerian Banks Allegedly Close Accounts Dealing With Crypto Transactions

Advertisement
Advertisement

BITCOIN Vs CBN: Nigerian Banks Allegedly Close Accounts Dealing With Crypto TransactionsA number of bank accounts directly linked with crypto trading have reportedly been closed by Nigerian banks.

The Genius Media Nigeria reports that a significant number of Nigerians linked to crypto trading have allegedly had their bank accounts closed by their respective banks.

This online news platform understands that the development is in lieu of Nigeria’s apex bank directive prohibiting banks and other financial institutions from dealing in crypto-related transactions. The CBN clearly instructed banks to adhere to the directive with immediate effect which has probably led to why such bank accounts were immediately shut down.

According to a text message seen by Nairametrics, a customer affected was told by his bank that in line with the CBN directive on cryptocurrency operation in Nigeria, the individual account was henceforth inactive.

The Chief Executive Officer of Bitfxt Technologies, Franklin Peters also revealed that the business accounts of Bitfxt Technologies, were allegedly closed and its funds wiped off.

Advertisement
Tgmedia

Recent Posts

BREAKING: Sheikh Ibrahim Amin Refuses Nomination As Next Hezbollah Leader

Sheikh Ibrahim Amin has declined the nomination to be the next Hezbollah leader, sending a…

2 hours ago

Niger Delta Chamber of Commerce Needs Training Centres  – NACCIMA Leader

Niger Delta Chamber of Commerce Needs Training Centres  - NACCIMA Leader----A former President of the…

2 hours ago

How Viewers Of #BBNaija2024 Voted For Kellyrae [SCREENSHOOT]

How Viewers Of #BBNaija2024 Voted For Kellyrae [SCREENSHOOT]----Organizers of the Big Brother Naija show, have…

4 hours ago

Heirs Insurance Group Delivers Outstanding Financial Results with 60% Premium Increase to N31.7bn in FY2023

Heirs Insurance Group Delivers Outstanding Financial Results with 60% Premium Increase to N31.7bn in FY2023…

4 hours ago

JUST IN: Daniel Amokachi Appointed New Lobi Stars Technical Adviser

JUST IN: Daniel Amokachi Appointed New Lobi Stars Technical Adviser----Lobi Stars have announced the appointment…

4 hours ago

JUST IN: Putin Led Russia Sends Fresh Warning To Nigeria

JUST IN: Putin Led Russia Sends Fresh Warning To Nigeria---The Russian government has issued a…

4 hours ago
Advertisement