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China 2.0 – Nigeria Intensifies Major Cryptocurrency Crackdown After CBDC Launch

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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