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Commentary: Nigeria's central bank ban on cryptocurrency 'detrimental' for young people
19 Feb 2021 | Friday Source: Salaam Gateway
The Central Bank of Nigeria (CBN) has announced a ban on cryptocurrency purchase and trading in the country.
According to the circular, the ban was to forestall illegal activities. The CBN also noted that cryptocurrencies do not have any intrinsic value and do not generate returns by themselves and are highly volatile.
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