BITCOIN Vs CBN: Nigerian Banks Allegedly Close Accounts Dealing With Crypto Transactions—A number of bank accounts directly linked with crypto trading have reportedly been closed by Nigerian banks.
The Genius Media Nigeria reports that a significant number of Nigerians linked to crypto trading have allegedly had their bank accounts closed by their respective banks.
This online news platform understands that the development is in lieu of Nigeria’s apex bank directive prohibiting banks and other financial institutions from dealing in crypto-related transactions. The CBN clearly instructed banks to adhere to the directive with immediate effect which has probably led to why such bank accounts were immediately shut down.
According to a text message seen by Nairametrics, a customer affected was told by his bank that in line with the CBN directive on cryptocurrency operation in Nigeria, the individual account was henceforth inactive.
The Chief Executive Officer of Bitfxt Technologies, Franklin Peters also revealed that the business accounts of Bitfxt Technologies, were allegedly closed and its funds wiped off.
So our cooperate accounts have been wiped and closed by our host bank. This is really not the way forward #Nigeria.
SMH
— 🔺Franklin Peters (Blockchain Oracle) (@B__Oracle) February 10, 2021
