Nigeria’s central bank reportedly freezes crypto traders’ accounts -Breaking
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According to reports, the Central Bank of Nigeria ordered commercial banks across Nigeria to stop accepting crypto traders.
A report by Nigerian newspaper Peoples Gazette on Nov. 7, stated that J.Y., Director of Banking Supervision was arrested. Mammanand, issued a notice directing the central bank to close the accounts of two alleged crypto traders and move their funds “in suspense accounts.” Mammanand cited a Central Bank of Nigeria, or CBN, circular issued in February as grounds for the account closures.
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