The Central Bank of Nigeria (CBN) has clarified that a notice circulating on social media about the risk of cryptocurrency did not originate from the apex bank, declaring it as fake news.
The CBN disclosed this via its official X account, urging the public to disregard the purported notice for all Deposits Money Bank, Non-Bank Financial Institutions, and other financial institutions.
The apex bank stated that although the said notice reminded “institutions that dealing in cryptocurrencies and facilitating payments for cryptocurrency exchanges is prohibited,” the content does not originate from it.
“This information does not originate from the Central Bank of Nigeria. For authentic updates, please visit the official website,” the CBN wrote.
The CBN Governor, during the Bank’s recent Monetary Policy Committee (MPC) meeting, said “over $26 billion funneled through Binance”.
On April 23, Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, said the anti-graft agency froze about 300 accounts to ensure the safety of the foreign exchange market.
It is widely believed that several of the affected accounts were related to cryptocurrency transactions.
The Federal government has continued clamping down on Binance and other cryptocurrency platforms amid efforts to defend the Naira in the foreign exchange market.
