Cryptocurrency Ban: Nigerians Are Free To Use Bitcoin – CBN

Cryptocurrency Ban: Nigerians Are Free To Use Bitcoin – CBN: The Central Bank of Nigeria (CBN) headed Mr. Godwin Emefiele has disclosed that, there was no time the Federal Government banned the activities of the use of  Cryptocurrencies

The Central Bank of Nigeria (CBN) is only protecting the interest of the Nigeria Banking system against risk, pose by fraudsters

 In a communiques presented at 30th seminar for Finance Correspondents and Business Editors organized by the bank, the CBN governor, represented by Adamu Lamtek, the banking industry need all the protection they can get, thus putting a distance from the untraceable activities of Cryptocurrencies

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“Emefiele, who was represented by Adamu Lamtek, Deputy Governor, Corporates Services, said what the bank did was to protect the banking sector from the activities of Cryptocurrencies and not a ban on its activities”


“The CBN did not place restrictions from the use of Cryptocurrencies and we are not discouraging people from trading in it. What we have just done was to prohibit transactions on Cryptocurrencies in the banking sector”


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