Why Nigeria’s blockchain industry is so ‘shocked’ by the central bank’s new crypto policy move

Quick Take

  • Nigeria’s central bank appears to be cracking down on cryptocurrency — just as the nation’s crypto industry is taking off.
  • Opponents say the move will force legitimate crypto transactions into riskier markets and discourage foreign investment.
Nigeria's central bank is cracking down on cryptocurrency — just as the nation's crypto industry has begun to take off.

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