Nigerian fintechs crack down on crypto, users face account blocks

The Nigerian central bank’s attitude to crypto has been inconsistent in recent years, and the crackdown contradicts a decision taken in 2021 to facilitate crypto account opening.

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Tags: Nigeria, fintech, cryptocurrency, Central Bank of Nigeria, CBN, Moniepoint, Palmpay, Paga, crypto transactions, virtual assets, regulatory compliance, financial institutions, account closure

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