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Can I legally invest in crypto from Nigeria?
Cryptocurrency is no longer a strange name in Nigeria. Many people use it to save money and protect themselves from the falling value of the naira. Some use it to send money abroad or operate online businesses. In 2021, the Central Bank of Nigeria (CBN) mandated banks not to provide services to crypto businesses. Therefore, it became more challenging for people to buy or sell crypto directly with their bank accounts. Things changed in December 2023, when the CBN released new rules to enable banks to work with registered and reputable crypto companies. Around this period, the Securities and Exchange Commission (SEC) ... (full story)
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