

As such, all banks should “identify persons and/or entities” transacting with cryptocurrency or operating crypto exchanges on their platforms and “ensure that such accounts are closed immediately.”
Any breaches of the order would face “severe regulatory sanctions,” the order states.
The CBN letter is signed by Bello Hassan, Director of Banking Supervision, and dated Feb. 5Any breaches of the order would face “severe regulatory sanctions,” the central bank warned.
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