CBN

Public Statement on Cryptocurrency Clampdown in Nigeria, 22 November 2021

Introduction We are the Blockchain Industry Coordinating Committee of Nigeria (BICCoN), the intercommunity working group set up by players in Nigeria’s emerging blockchain industry. BICCoN is constituted by the three major blockchain bodies/communities in Nigeria, namely the Blockchain Nigeria User Group (BNUG), Cryptography Development Initiative of Nigeria (CDIN), Stakeholders in Blockchain Technology Association of Nigeria …

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Press release issued by Blockchain Industry Coordinating Committee of Nigeria (BICCoN), 13 February 2021

On Friday 5 February 2021, the crypto industry in Nigeria, local and international media, and members of the general public got wind of a circular by the Central Bank of Nigeria (CBN). The CBN circular is directed to all deposit money banks (DMBs), non-bank financial institutions (NBFIs), and other financial institutions (OFIs) in Nigeria. In …

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