Money News

Banks begin closing of customer’s accounts that trade cryptocurrency (photo)

, Banks begin closing of customer’s accounts that trade cryptocurrency (photo), Effiezy - Top Nigerian News & Entertainment Website

In a chilling but sadly all-too-familiar sequence of events, commercial Banks in Nigerian have started implementing the order given by CBN to ban the trading of cryptocurrency in Nigeria.

In a recent development, Access Bank, GTBank and UBA has begun closing customer accounts that have traded cryptocurrency.

YOU MAY ALSO LIKE:   CBN gives reasons for cryptocurrency ban

The accounts closure appears to be the enforcement of a new law on activities that were not illegal when they were performed. Until the CBN’s recent circular, it was okay for people to trade crypto with their bank accounts.

, Banks begin closing of customer’s accounts that trade cryptocurrency (photo), Effiezy - Top Nigerian News & Entertainment Website
, Banks begin closing of customer’s accounts that trade cryptocurrency (photo), Effiezy - Top Nigerian News & Entertainment Website
Kindly share this story

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.