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The Central Bank of Nigeria (CBN) has reportedly clarified that Nigerians can freely trade Bitcoin (BTC) and other cryptocurrencies.
According to a report by Nigerian news outlet Today.ng, the CBN says that a directive it released last month to financial institutions should not be interpreted as an outright ban on the use of crypto assets.
Representing CBN Governor Godwin Emefiele, Deputy Governor Adamu Lamtek highlights that only certain financial institutions are forbidden from using, holding, trading, or transacting in cryptocurrencies.
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