November 27, 2023
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December 23, 2023
Central bank allows banks in Nigeria to facilitate Bitcoin and crypto transactions, reversing a previous ban.
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Banks now permitted to engage in cryptocurrency-related activities, signaling increased acceptance and integration.
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The move fosters financial inclusion by providing access to cryptocurrency transactions through traditional banking channels.
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Enables the Nigerian population to easily buy, sell, and trade cryptocurrencies using banking services.
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Indicates a regulatory shift towards acknowledging and adapting to the growing influence of cryptocurrencies in the financial landscape.
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Customers can now seamlessly manage both traditional and cryptocurrency assets within the banking infrastructure.
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The decision has potential economic implications, affecting investment strategies and fostering a more inclusive financial ecosystem.
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