On May 7, with the Central Bank of Nigeria (CBN) on the verge of a new round of crypto trading regulations, a number of Nigerian fintech startups have warned users to stop cryptocurrency trading or face the risk of account closure and being reported to law enforcement.
Moniepoint, a Lagos-based start-up, told users on Monday that it would close all accounts for crypto transactions to comply with CBN regulations, and Chinese digital bank OPay issued a similar warning to users.
Nigeria's new crypto trading policy is imminent, and several digital banks have warned users not to conduct related transactions
2024-05-07 13:14:22
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