Ban on Bitcoin in Nigeria
The ban on Bitcoin in Nigeria has been a significant topic in the financial sector. This move by the government aims to regulate cryptocurrency activities and prevent illegal transactions. Many Nigerians have expressed concerns about the impact on digital currency adoption and economic growth.Despite the ban, some citizens continue to use Bitcoin through peer-to-peer platforms. The Central Bank of Nigeria has warned against such practices, citing risks to the financial system. This article explores the reasons behind the ban and its effects on the market.
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