\n
The Central Bank of Nigeria says a notice circulating on social media about the risk of cryptocurrency is fake news.<\/p>\n
The Apex disclosed this via its official X account, urging the public to disregard the purported notice for all Deposits Money Bank, Non-Bank Financial Institutions, and other Financial Institutions.<\/p>\n
The notice reminded \u201cInstitutions that dealing in cryptocurrencies and facilitating payments for cryptocurrency exchanges is prohibited\u201d.<\/p>\n
However, CBN said the content doesn\u2019t originate from it.<\/p>\n
\u201cThis information does not originate from the Central Bank of Nigeria.<\/p>\n
\u201cFor authentic updates, please visit the official website,\u201d CBN wrote.<\/p>\n
Recall that the CBN governor, during the Bank\u2019s 293rd Monetary Policy Committee meeting, said over $26 billion funnelled through Binance.<\/p>\n
On Tuesday, the Chairman of the Economic and Financial Crimes Commission, EFCC, Ola Olukoyede, said the anti-graft agency froze about 300 accounts to ensure the safety of the foreign exchange market.<\/p>\n
The Nigerian government had continued clamping down on Binance and other cryptocurrency platforms amid efforts to defend the Naira in the foreign exchange market.<\/p>\n
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CBN disowns notice on cryptocurrency transactions<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
The Central Bank of Nigeria says a notice circulating on social media about the risk of cryptocurrency is fake news.…<\/p>\n","protected":false},"author":1,"featured_media":28711,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4161,4274,15],"tags":[519,63,180],"class_list":["post-28710","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-cbn","category-news","tag-business","tag-cbn","tag-news"],"yoast_head":"\n
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