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Nigeria’s central bank yesterday cracked down on cryptocurrency. The status of Africa's "bitcoin nation" now faces an uncertain future.
In brief
1. Nigeria’s central bank yesterday told all banks to immediately cancel their services for customers who buy, sell, or trade cryptocurrencies.
2. Adedayo Thomas, executive director of the think tank African Liberty, says that the government considers crypto an unnecessary hassle.
3. Danny Oyekan, CEO of Dan Holdings, a blockchain portfolio company, is concerned that the central bank’s directive will “slow down innovation.”
