CBN Rejects Ordering Banks to Put Crypto Exchange Accounts on Hold
Claims that the Central Bank of Nigeria (CBN) gave local banks orders to freeze customer accounts connected to unlicensed cryptocurrency exchanges have been denied. The CBN has denied issuing any orders to financial institutions to freeze accounts connected to exchanges including Binance, OKX, Bybit, and KuCoin, despite reports to the contrary. The central bank explained … Read more