{"id":1058,"date":"2021-02-05T14:25:03","date_gmt":"2021-02-05T13:25:03","guid":{"rendered":"https:\/\/untamenews.com\/?p=1058"},"modified":"2021-02-05T14:25:03","modified_gmt":"2021-02-05T13:25:03","slug":"central-bank-of-nigeria-instructs-banks-to-close-accounts-related-to-crypto","status":"publish","type":"post","link":"https:\/\/untamenews.com\/2021\/02\/05\/central-bank-of-nigeria-instructs-banks-to-close-accounts-related-to-crypto\/","title":{"rendered":"Central Bank of Nigeria Instructs Banks To Close Accounts Related To Crypto"},"content":{"rendered":"<h2>Central Bank of Nigeria Instructs Banks To Close Accounts Related To Crypto<\/h2>\n<p>The Central Bank of Nigeria has notified Deposit Money Banks, Non-Financial Institutions, other financial institutions against doing business in Crypto and other digital assets.<\/p>\n<p>In a circular dated 5th February 2021 and distributed to regulated financial firms, the apex bank of Africa\u2019s largest economy warned and reminded local financial institutions against having any transactions in crypto or facilitating payments for crypto exchanges.<\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-1059\" src=\"https:\/\/untamenews.com\/wp-content\/uploads\/2021\/02\/CBN.jpg\" alt=\"\" width=\"600\" height=\"1024\" title=\"\" srcset=\"https:\/\/untamenews.com\/wp-content\/uploads\/2021\/02\/CBN.jpg 600w, https:\/\/untamenews.com\/wp-content\/uploads\/2021\/02\/CBN-176x300.jpg 176w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><br \/>\nIn addition, the apex bank instructed the financial institutions to immediately close the accounts of such persons or entities transacting in or operating cryptocurrency exchanges.<\/p>\n<p>The Central Bank also added that \u201cbreaches of this directive will attract severe regulatory sanctions.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Central Bank of Nigeria Instructs Banks To Close Accounts Related To Crypto The Central Bank of Nigeria has notified Deposit Money Banks, Non-Financial Institutions, other financial institutions against doing business in Crypto and other digital assets. In a circular dated 5th February 2021 and distributed to regulated financial firms, the apex bank of Africa\u2019s largest [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1060,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[3],"tags":[419,418,417,380,270],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/untamenews.com\/wp-content\/uploads\/2021\/02\/Cryptocurrency-e1590477987674.jpeg","jetpack_shortlink":"https:\/\/wp.me\/pci3ty-h4","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/untamenews.com\/wp-json\/wp\/v2\/posts\/1058"}],"collection":[{"href":"https:\/\/untamenews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/untamenews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/untamenews.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/untamenews.com\/wp-json\/wp\/v2\/comments?post=1058"}],"version-history":[{"count":1,"href":"https:\/\/untamenews.com\/wp-json\/wp\/v2\/posts\/1058\/revisions"}],"predecessor-version":[{"id":1061,"href":"https:\/\/untamenews.com\/wp-json\/wp\/v2\/posts\/1058\/revisions\/1061"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/untamenews.com\/wp-json\/wp\/v2\/media\/1060"}],"wp:attachment":[{"href":"https:\/\/untamenews.com\/wp-json\/wp\/v2\/media?parent=1058"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/untamenews.com\/wp-json\/wp\/v2\/categories?post=1058"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/untamenews.com\/wp-json\/wp\/v2\/tags?post=1058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}