Financial institution accounts of Nigerians wey dey concerned with cryptocurrency buying and selling dey in danger after one new order wey di Central Financial institution of Nigeria (CBN) launch on Friday.
CBN on Friday fireplace reminder letter give monetary establishments to instantly shut accounts of dia prospects wey do commerce in cryptocurrency like Dogecoin, Bitcoin and Ethereum.
Di 5 February memo order say make banks “establish pipo and/or joinbodi wey dey do buying and selling in or dey function cryptocurrency exchanges inside dia programs and ensure say these accounts shut down instantly”.
Tori of dis newest CBN instruction don make “crypto” start development for social media as many younger pipo on Twitter dey para say na assist di Nigeria goment suppose dey assist cryptocurrency.
Wetin make CBN do dis?
For early 2017, di Central Financial institution of Nigeria tear “warning” give monetary establishments to not use, maintain or commerce digital currencies (like crypto) pending when dem regulate am, as e no be authorized tender like di Naira.
Di Central Financial institution of Nigeria give motive say dem dey fear say jaguda pipo and terrorist match dey use cryptocurrencies to do mago-mago for Nigerian residents.
Crypto Bitcoin na like ‘gamble’
Di oda challenge wey many don elevate na whether or not crypto na higher “work” to make use of earn money, as some really feel say pipo no dey tok about di dangers.
Na dis place di CBN govnor take for January 2018 when e declare say “cryptocurrency or bitcoin na like gamble…We no match, as central financial institution, give assist to conditions” wia pipo dey threat dia financial savings to take “gamble”.
And Paxful, wey be crypto change platform say for 2020 Nigeria na im do crypto buying and selling move for Africa wit quantity of 60,215 Bitcoins wey value $566,668,692.
Implication of CBN directive
Di that means of dis current CBN order na say all dat cash no go dey di Nigerian financial system once more, as Nigerian merchants go start discover different technique to hold dia cash, like one monetary skilled been counsel for social media.
Some social media customers don additionally counsel say no be right this moment di goment bin don dey attempt to restrict how younger pipo dey take earn money, as dem level to wetin CBN do months in the past – after di #EndSARS protests – wia dem freeze di Nigerian account of 1 protest supporter, wey bin dey gather cryptocurrency donations.