Cryptocurrency: Nigeria Reverses Ban, Introduces New Guidelines
Cryptocurrency: Nigeria Reverses Ban, Introduces New Guidelines In a significant policy shift, the Central Bank of Nigeria (CBN) has rescinded its previous ban on cryptocurrency transactions, as indicated in a circular dated December 22, 2023 (Ref: FPR/DIR/PUB/CIR/002/003). The directive, signed by Haruna Mustafa, Director of the Financial Policy and Regulation Department, and seen by Excel…