Access Bank, GTBank and UBA Begin Closing Customer Accounts That Trade Cryptocurrency

Date: 12-02-2021 9:33 am (3 years ago) | Author: Olusanya Akinrinola
- at 12-02-2021 09:33 AM (3 years ago)
(m)

Access Bank, GTBank and UBA begin closing customer accounts that have traded cryptocurrency.

The accounts closure appears to be the enforcement of a new law on activities that were not illegal when they were performed. Until the CBN’s recent circular, it was okay for people to trade crypto with their bank accounts.

Posted: at 12-02-2021 09:33 AM (3 years ago) | Hero
- gogoman at 12-02-2021 03:49 PM (3 years ago)
(m)
 Roll Eyes Roll Eyes Roll Eyes Roll Eyes CBN
Posted: at 12-02-2021 03:49 PM (3 years ago) | Grande Master
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- nikiniki at 12-02-2021 04:50 PM (3 years ago)
(f)
Good, at least let them have access to their funds. They will open another account elsewhere.
Posted: at 12-02-2021 04:50 PM (3 years ago) | Gistmaniac
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- Bern_dina at 11-10-2021 07:41 PM (2 years ago)
(f)
What about people who mine cryptocurrency? Does this law affect them as well? I hope not because it would not be good at all. I decided to buy asic miners recently on https://cryptouniverse.io/miners myself, and it would be really bad if the government thought that the activity I perform is illegal, even though there are thousands of people who just earn money that way.
Posted: at 11-10-2021 07:41 PM (2 years ago) | Newbie
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