Nigeria Warns of Bitcoin, Ripple, Monero, Litecoin, Dogecoin, and Onecoin

[kreslik.news]

The Central Bank of Nigeria has sent a notice to banks and other financial institutions in the country, warning them of some issues associated with cryptocurrencies. The regulator specifically stated that Bitcoin, Ripple, Monero, Litecoin, Dogecoin, Onecoin and others are not legal tender in Nigeria and thus anyone dealing with them do so at their own risk.

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Unlike the claims on some community forums, the central bank did not “ban bitcoin” in Nigeria but rather just asked the financial institutions under its jurisdiction to follow standard policies meant to ... (read more)