FAKE NEWS ALERT: CBN denies instructing banks to restrict crypto accounts

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FAKE NEWS ALERT: CBN denies instructing banks to restrict crypto accounts
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CBN has denied instructing banks to restrict cryptocurrency accounts. CBN, in a post on X on Wednesday, clarified that the circular did not

In a post on X on Wednesday, CBN clarified that the circular did not originate from the bank, urging the public to visit its official website for “authentic updates”.

In February 2021, CBN issued a circular to deposit money banks , non-bank financial institutions , and OFIs toThe regulator further warned local financial institutions against dealing in crypto assets or facilitating payments for crypto exchanges.

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