Coin Edition -
- The Central Bank of Nigeria (CBN) released a circular containing guidelines on virtual assets service providers (VASPs).
- The circular signaled a shift from the CBN’s original position, which restricted crypto transactions.
- According to the CBN, Current trends globally have shown that there is a need to regulate VASPs.
On Friday, December 22, the Central Bank of Nigeria (CBN) released a circular containing guidelines on virtual assets service providers (VASPs) to all banks and financial institutions (OFIs) in the country. The circular, signed by the apex bank’s Director of Financial Policy and Regulation Department, Haruna Mustapha, signaled a shift from the CBN’s original position, which restricted crypto transactions.
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