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Is bitcoin legal in nigeria? How to trade spot on binance exchange. • bitcoin nigeria fb group • bitcoin nigeria subreddit • nigeria bitcoin community. Bitcoin in nigeria is legal and recognized by the securities and exchange commission, nigeria (sec). The central bank of nigeria (cbn) passed a circular informing all nigerian banks and financial institutions that transactions in bitcoin and other virtual currencies are banned in nigeria.
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Sec (security and exchange commission) has declared that bitcoin is a legal tender, but then it went forward to warn her citizen that cryptocurrency investment is risky and sometimes even fraudulent. However, the nigeria deposit insurance corporation and the central bank of nigeria have plans to adopt. Bitcoin is legal in nigeria; But, the central bank and nigerian deposit insurance corporation have plans to approve the cryptocurrency industry and. Using it as an investment vehicle to diversify your assets;
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