Cryptocurrency Ban in Nigeria The Central Bank of Nigeria [CBN] announces trading Crypto [Dogecoin, Bitcoin, Ethereum] is not new. Yes! e don happyun before for oda big kontris around the world.
On Friday, the Central Bank of Nigeria prevented banks and financial institutions of a West African nation from trading cryptocurrencies or facilitating the payment of the cryptocurrency exchange: the Weda na Cyto currency or the Crypto token.
The latest news says that a financial operator [Providus Bank] does not suspend virtual payment services and is happy after a new order from CBN.
Local Nigerian media reports that the central bank [CBN] decision is not due to a warning we received from the United States Federal Bureau of Investigation [FBI] about the activities of scammers using cryptocurrencies to bring in hundreds of millions of US dollars illegally obtained from the United States ...
For September 2017, China begin take move to shut down Bitcoin exchanges for di kontri, starting with trading platforms for key cities.
Dem order all Bitcoin exchanges for Beijing and Shanghai to submit plans for end dia operations by 20 September.
Di move follow di Chinese central bank decision to ban initial coin offerings for early September.
Chinese authorities decided to ban digital currencies as part of a plan for reducing di kontri financial risks.
One website set up by di Chinese central bank warn say pipo dey seriously use cryptocurrencies "as tool for criminal activities like money laundering, drug trafficking, smuggling, and illegal fundraising".
For April 2019, China economic planning agency even put Bitcoin creation among list of activities wey dem go ban.
For one notice published online in Mandarin by di agency dem add; "virtual currency mining activities [including] di production process of Bitcoin" to di list of industries wey dem go shut down.
Dem suggest say di power wey di industry dey consume dey ontributes to pollution and wastes resources.
