Fintech

Nigeria’s Fintech & Blockchain Industry’s Letter to the Central Bank of Nigeria (CBN) on Cryptocurrency Regulation (1 & 2)

Nigeria’s Fintech & Blockchain Industry Letter to the Central Bank of Nigeria (CBN) on Cryptocurrency Regulation (1 & 2)

Reproduced below is part 1 and 2 of the letter Nigeria’s Fintech & Blockchain Industry wrote to the CBN in March 2021 as its response to the CBN directive banning cryptocurrencies in Nigeria’s banking and financial system. The contributors to the letter are Fintech Association of Nigeria (FintechNGR); Blockchain Industry Coordinating Committee of Nigeria (BICCON), …

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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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