Is Bitcoin Banned In Nigeria / Bitcoin Being Banned And Restricted By Law In Some ... / It's triggered anger among nigerians who see cryptos as a safe haven in a.. It's triggered anger among nigerians who see cryptos as a safe haven in a. In 2020, nigeria's bitcoin trading volume was $309.6 million followed by south africa's $98.4 million and kenya's $92.4 million. In this video, i discuss cbn's (central bank of nigeria's) decision to ban cryptocurrency. Bitcoin adoption in nigeria continues to soar as citizens are exploring crypto for remittances. The government cripples the regular remittance industry and remains unable to stop the devaluation of the domestic currency, the nigerian naira.
The restricted accounts belonged to predominantly young nigerians who had either sent or received funds to run the