Circular Restricting Dealings in Crypto Assets (BSD/DIR/GEN/LAB/14/001)

Central Bank of Nigeria Circular
Summary

Directed banks and OFIs to close accounts of persons transacting in cryptocurrency and refrain from facilitating crypto exchanges — the restriction that shaped Nigeria's P2P crypto market until December 2023.

Applicability

Historical: banks and OFIs (see 2023 VASP Guidelines).

Open Source Document ↗
Document Details
Date Issued
05 Feb 2021
Date Effective
05 Feb 2021
Compliance Deadline
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