Stefano
Thu Nov 21 2024
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5 answers
891
Can Nigerian banks & FIs trade cryptocurrencies?
I'm wondering if Nigerian banks and financial institutions are allowed to engage in cryptocurrency trading. Is there any regulation or policy in place that permits or restricts such activities in Nigeria?
CryptoEmpire
Mon Jul 15 2024
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7 answers
1513
Are Nigerian banks allowing cryptocurrency transactions?
Could you please elaborate on the current stance of Nigerian banks towards cryptocurrency transactions? Are they actively facilitating such transactions, or are they taking a more cautious approach? Are there any specific regulations or policies that govern how banks handle cryptocurrencies in Nigeria? And if so, how do these policies affect the overall accessibility and usage of cryptocurrencies within the country's financial system? Given the recent rise in popularity of cryptocurrencies globally, it's crucial to understand how Nigerian banks are responding to this emerging trend.
