Coin Edition
2024-05-24 14:14:18

Central Bank of Nigeria’s Crypto Crackdown Intensifies with New Forex Rules

The Central Bank of Nigeria (CBN) has tightened regulations on Bureau de Change (BDC) operators and outlawed street trading in foreign currency. According to a Bloomberg report, this measure aims to stabilize the Naira and curb speculative activities. Simultaneously, the CBN has significantly increased the capital requirements for BDC traders, emphasizing the necessity to regulate The post Central Bank of Nigeria’s Crypto Crackdown Intensifies with New Forex Rules appeared first on Coin Edition .

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