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Checking news about the legality of bitcoin and its conversion to naira and other currencies as well. Using it as an investment vehicle to diversify your assets; All your questions will hopefully be answered as we aim to introduce you to the currency. Bitcoin business in nigeria has been in existence for a while, but it only becomes popular in 2013. Since bitcoin is a very volatile asset, lots of smart traders have reaped profit from the sharp spike in the price.
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So, what's the stance of the central bank.
It's a false conception of many that bitcoin business is ponzi scheme. In nigeria cryptocurrency is not yet regulated but the government has intentions to show major interest in the future. Using it as an investment vehicle to diversify your assets; Regarding what can you do with bitcoin in nigeria, a couple use cases are: Buying and selling bitcoin is another way to make money in nigeria when you start a bitcoin business. All your questions will hopefully be answered as we aim to introduce you to the currency. Which bitcoin wallet is best in nigeria? A cryptocurrency is an online medium of digital exchange that is not regulated by a central system. Legality of btc nigeria regulation. However, on 5th feb 2021, the central bank of nigeria (cbn) imposed limitations on bitcoin trading by restricting transactions from local banks in nigeria. The escrow system is in place to keep security at a high level. What is a cryptocurrency you may ask. The central bank of nigeria (cbn) passed a circular on.
It's a false conception of many that bitcoin business is ponzi scheme. Want to start a bitcoin business in nigeria, africa, or worldwide? What is a cryptocurrency you may ask. Yes, bitcoin is legal in nigeria, but the nigerian sec ( securities and exchange commission ), warned citizens about crypto investments being risky and sometimes even fraudulent. So, most likely you have heard or read about it and you are thinking of going into legitimate in this article, we are not going to talk about bitcoin business in nigeria itself, we will discuss its legal status.
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