https://en.sputniknews.africa/20231223/central-bank-of-nigeria-allows-local-banks-to-open-accounts-for-crypto-companies-reports-say-1064264002.html
Central Bank of Nigeria Allows Local Banks to Open Accounts for Crypto Companies, Reports Say
Central Bank of Nigeria Allows Local Banks to Open Accounts for Crypto Companies, Reports Say
Sputnik Africa
According to blockchain data company Chainalysis Inc.’s 2022 report, Vietnam ranks first in the world in terms of crypto adoption, followed by the Philippines... 23.12.2023, Sputnik Africa
2023-12-23T11:19+0100
2023-12-23T11:19+0100
2023-12-23T11:19+0100
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The Central Bank of Nigeria permitted local banks to open accounts for crypto companies, media reported.The decision will facilitate an increase in crypto exchanges in Nigeria, which ranks in 2022 first in Africa and 11th in the world in blockchain data company Chainalysis Inc.’s crypto adoption index, reports say.Since 2021, the Nigerian lenders had been forbidden to work with firms providing digital tokens and transacting in or operating cryptocurrency exchanges.Nigeria, along with South Africa, are the African two countries that are the most knowledgeable and confident about cryptocurrencies, according to a September study.
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nigeria, vietnam, philippines, cryptocurrencies , bank, central bank, west africa
Central Bank of Nigeria Allows Local Banks to Open Accounts for Crypto Companies, Reports Say
According to blockchain data company Chainalysis Inc.’s 2022 report, Vietnam ranks first in the world in terms of crypto adoption, followed by the Philippines, Ukraine and India. Nigeria holds the 11th place in this ranking.
The
Central Bank of Nigeria permitted local banks to open accounts for crypto companies, media reported.
The decision will facilitate an increase in crypto exchanges in Nigeria, which ranks in 2022 first in Africa and 11th in the world in blockchain data company Chainalysis Inc.’s crypto adoption index, reports say.
Since 2021, the Nigerian lenders had been forbidden to work with firms providing digital tokens and transacting in or operating cryptocurrency exchanges.
Nigeria, along with South Africa, are the African two countries that are the
most knowledgeable and confident about cryptocurrencies, according to a September study.
