Wed. Jun 12th, 2024

CBN Deletes Tweet Debunking a Circular Claiming to Prohibit Banks From Facilitating Payment for Crypto Exchanges

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The Central Bank of Nigeria has debunked a circular currently circulating about its institution prohibiting Deposit Money Banks, Non-Bank Financial Institutions, Other institutions, and members of the public on the risk associated with transactions in crypto currency. 

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The fake circular claimed that CBN has tasked and authorised banks to identify account owners engaging in crypto currency related transactions and put such account s on Post No Debit (PND) for 6 months.

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The public is advised to disregard this information earlier before now

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