The official X account of the Central Bank of Nigeria (CBN) said that "the Central Bank of Nigeria will freeze the accounts of Bybit, KuCoin, OKX, Binance users" is not an official release. The Central Bank of Nigeria (CBN) has issued a directive requiring all Banks and Financial Institutions Groups to identify individuals or entities dealing with cryptocurrency exchanges and ensure that such accounts are subject to no-debit (PND) directives within six months.
The Central Bank of Nigeria (CBN) has issued a directive requiring all Banks and Financial Institutions Groups to identify individuals or entities dealing with cryptocurrency exchanges and ensure that such accounts are subject to no-debit (PND) directives within six months. According to the notice shared, CBN listed Bybit, KuCoin, OKX, and Binance cryptocurrency exchanges and said they do not have a license to operate in Nigeria. The bank said it will capture anyone it believes is illegally trad...