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China 2.0 – Nigeria Intensifies Major Cryptocurrency Crackdown After CBDC Launch

November 12, 2021
Source: zycrypto.com zycrypto.com
News Snapshot:
- Nigeria’s central bank has frozen the accounts of two cryptocurrency traders and an entity. - In furtherance of the Central Bank’s policy, a local bank has unveiled guidelines to stifle the activities of crypto investors. - The country launched its CBDC, eNaira at the end of October following a series of delays. Cryptocurrency traders in Nigeria are in panic following the apex bank’s renewed efforts at a crackdown. The intensity of the crackdown has been likened to China’s methods that took place over the summer . The Freeze The Central Bank of Nigeria has reportedly frozen the accounts of...
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Tags: ban | bank | banking | bitcoin | blockchain | boycott | CBN | China | crackdown | crypto | cryptocurrency | currency | finance | financial | fintech | government | inflation | IT | law | LINE | Nigeria | P2P | platform | report | Terrorism

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