Despite CBN’s clampdown, Nigerians traded N316.9bn bitcoin in 2021

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NIGERIANS traded at least N316.9bn in bitcoin in 2021 despite the Central Bank of Nigeria’s restrictions on cryptocurrency transactions in the nation’s banking system.

Last February, the CBN directed banks in the nation to desist from transacting in and with entities dealing in cryptocurrencies.

The apex bank said, “Further to earlier regulatory directives on the subject, the bank hereby wishes to remind regulated institutions that dealing in cryptocurrencies or facilitating payments for cryptocurrency exchanges is prohibited.

 

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Federal Government thought they can ban BTC when developed countries, tried and failed. No job the little once Nigerian use to survive with u ban it. Ahaha so

You’ve not heard? 🤣

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Cryptocurrency is new digital means of exchange endorsed by the world Our CBN can't stop it all of them too are into crypto they see the future that's there and they don't want us to leave the poverty zone and God pass them Awon werey eniyan

Stopping innovation is difficult even in advance countries🙄

We will double it this year

They can't STOPPED BITCOIN TRADING..

😂😇

I saw this coming

And the CBN is still withdrawing 50 naira electronic charge from every credit alert someone gets. Mtchwwww.

Even CBN dey trade too 😂

Lol who gave you data scam 😂

Our government nor go ever get sense

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Source: Daily Trust - 🏆 13. / 51 Read more »