Posted 12/27/2023, 2:58:00 PM
Nigeria Lifts Crypto Banking Ban, Opening Door to Wider Adoption
- Central Bank of Nigeria reversed its prohibition on banks serving crypto firms, likely to spur crypto adoption
- 2021 directive banned institutions from facilitating crypto transactions
- Lifting restrictions could boost adoption - Yellow Card exchange expects a "surge" in users
- CBN cites global trend of regulating crypto as reason for policy change
- International bodies like FSB and IMF recommend supervision over bans