It was reported that as the Central Bank of Nigeria (CBN) prepares to introduce a new round of cryptocurrency trading regulations, several Nigerian fintech startups are warning users to stop trading cryptocurrencies or risk having their accounts closed and being reported to law enforcement agencies. Lagos-based startup Moniepoint informed users on Monday that it will be closing all accounts engaged in cryptocurrency trading in compliance with CBN regulations. Chinese digital bank OPay also issued a similar warning to its users.
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Nigeria's new crypto trading policy is about to be released, and many digital banks warn users not to conduct related transactions
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