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Wednesday, January 18, 2017

CBN Bars Banks From Transacting With Virtual Currency



The Central Bank Of Nigeria has  issued a statement barring banks in the country from engaging in any transaction using Bitcoin or any other kind of virtual currency. A virtual currency or virtual money is a type of unregulated, digital money, which is issued and usually controlled by its developers, and used and accepted among the members of a specific virtual community. See the statement below.


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