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THE CIRCULAR OF THE CENTRAL BANK OF NIGERIA (CBN) ON CRYPTOCURRENCY: THE LEGALITY AND EFFECT OF SAME IN NIGERIA – AN ARTICLE BY AKINBOBOLA AKINLUYI.

The Central Bank of Nigeria’s (CBN) circular has created chaos and uncertainty within the Nigerian community especially with those who deal in cryptocurrency in their day to day business activities. It is pertinent to note that from this circular, the CBN has only prohibited the dealings and/or facilitations of payment with cryptocurrency through regulated institutions…