In response to recent directives from the Central Bank of Nigeria (CBN), several financial technology(fintech) banks have ceased cryptocurrency-related transaction on their platforms.
The fintechs has therefore instructed customers to comply with the directive or risks getting their account blocks.
In a separate emails, text messages and in-app notification, the fintechs noted that they will share details of the customers involved in crypo related transactions to the government.
Moniepoint in its message to customers on May 2, 2024 reads:
Similarly, Paga told its customers that there will be no more cryto transaction on is platform asking customers to comply with all CBN regulations.
The message reads:
TimesNow.com.ng had also reported that Opay also directed its customers to seized crypto transactions.
Opay said:
TimesNow.com.ng reported that Opay, a leading financial services provider in Nigeria, has reassured its customers regarding the security of their funds.
In a statement on its X account on Tuesday, April 30, 2024, the bank said it’s committed to fighting illegal financial activities in the country.
It restated its commitment to promoting financial inclusion and economic growth as key players in Nigeria’s financial ecosystem.
Source: TimesNow.com.ng
