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CIRCULAR TO BANKS AND OTHER FINANCIAL INSTITUTIONS ON VIRTUAL CURRENCY OPERATIONS IN NIGERIA

The Central Bank of Nigeria has issued out this Circular to guide banks and other financial institutions on Virtual Currencies (VCs) and to reiterate further that VCs such as Bitcoin, Ripples, Monero, Litecoin, Dogecion, Onecoin, etc, and similar products are not legal tenders in Nigeria. Thus, any bank or ther financial institutions that transacts in such businesses does so at its own risk. 
 

Tags: Cbn  Fiancial Services  Circulars 

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