Nigeria Lifts Ban on Cryptocurrency - Ebira Reporters<\/title>\n<meta name=\"description\" content=\"The Central Bank of Nigeria (CBN) has lifted the two-year old ban it placed on cryptocurrency transactions in the banking system.The\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ebirareporters.com\/nigeria-lifts-ban-on-cryptocurrency\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nigeria Lifts Ban on Cryptocurrency - Ebira Reporters\" \/>\n<meta property=\"og:description\" content=\"The Central Bank of Nigeria (CBN) has lifted the two-year old ban it placed on cryptocurrency transactions in the banking system.The\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ebirareporters.com\/nigeria-lifts-ban-on-cryptocurrency\/\" \/>\n<meta property=\"og:site_name\" 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{"id":10501,"date":"2023-12-23T20:01:00","date_gmt":"2023-12-23T19:01:00","guid":{"rendered":"https:\/\/ebirareporters.com\/?p=10501"},"modified":"2023-12-23T20:01:00","modified_gmt":"2023-12-23T19:01:00","slug":"nigeria-lifts-ban-on-cryptocurrency","status":"publish","type":"post","link":"https:\/\/ebirareporters.com\/nigeria-lifts-ban-on-cryptocurrency\/","title":{"rendered":"Nigeria Lifts Ban on Cryptocurrency"},"content":{"rendered":"

The Central Bank of Nigeria (CBN) has lifted the two-year old ban it placed on cryptocurrency transactions in the banking system.<\/p>\n

<\/p>\n

The Nigeria’s apex bank announced the decision to reverse the policy in a circular by the Director of Financial Policy and Regulation, Haruna Mustapha.<\/p>\n

Mustapha said the CBN would now provide regulations for financial institutions on how to manage and avoid misuse of cryptocurrency in the country.<\/p>\n

The bank had in 2021 restricted banks and other financial institutions from operating accounts for cryptocurrency providers.<\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"The Central Bank of Nigeria (CBN) has lifted the two-year old ban it placed on cryptocurrency transactions in…\n","protected":false},"author":1,"featured_media":10502,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[721,2323],"class_list":{"0":"post-10501","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-businessnews","8":"tag-cbn","9":"tag-cryptocurrency"},"yoast_head":"\nNigeria Lifts Ban on Cryptocurrency - Ebira Reporters<\/title>\n<meta name=\"description\" content=\"The Central Bank of Nigeria (CBN) has lifted the two-year old ban it placed on cryptocurrency transactions in the banking system.The\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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