The Central Bank of Nigeria (CBN) has fined some commercial banks for failing to comply with regulations that bar customers from transacting in cryptocurrencies.
Articles about Crypto ban on Benjamindada.com
While there isn’t yet information on how the CBN’s digital currency will work, it is not a new phenomenon. Central Bank Digital Currencies (CBDC) are a growing trend worldwide.
Update on the CBN crypto ban, the SEC's new PR, banks closing accounts, NGNT, and Moyalo
The SEC's press release, which can be seen on its website, attempts to answer questions of conflict between the SEC's stance and that of the CBN on cryptocurrency.