Between January 2021 and June 2022, Nigerians exchanged N497.35 billion ($1.16 billion) in Bitcoin, demonstrating the growing importance of virtual currency in the country. This is true despite Nigeria’s Central Bank’s ban on the use of cryptocurrencies. The CBN stated in February 2021 that trading in cryptocurrencies or enabling payments for cryptocurrency exchanges is forbidden. … Continue reading Nigerians Trading Volume Rises To N497bn Bitcoin Amid CBN Ban