The Central Bank of Nigeria (CBN) had, in a similar vein, early last year, issued a circular to banks and other financial institutions requiring them to take certain actions relating to digital currencies. Citing money laundering and terrorism financing, the CBN asked banks to "ensure that you do not use, hold, trade and/or transact in anyway" in digital currenciesThe post Bitcoin Craze! Is cryptocurrency real money or a Ponzi scheme " appeared first on Vanguard News.

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