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Amidst CBN ban bitcoin increases rapidly on Nigeria trade rate

Nigerians traded N497.35bn ($1.16bn) worth of Bitcoin from the beginning of 2021 to June 2022, indicating an increasing prominence of the digital currency in the nation. This is despite the Central Bank of Nigeria’s restriction on cryptocurrencies in the nation. In February 2021, the CBN had said, “Further to earlier regulatory directives on the subject, the bank hereby wishes to remind…
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