The Central Bank of Nigeria (CBN) has lifted the ban on transacting in cryptocurrencies, acknowledging the global need to regulate virtual asset service providers (VASPs), including cryptocurrencies and crypto assets. In a circular dated December 22, the CBN outlined guidelines for banks and financial institutions on opening accounts, providing designated settlement accounts and services, and acting as channels for forex inflows and trade for firms involved in crypto assets. VASPs are required to be licensed by the Nigerian Securities and Exchange Commission (SEC) to engage in the crypto business. However, the CBN maintained the prohibition on banks trading, holding, or transacting in cryptocurrencies. The move follows the CBN’s ban in February 2021, citing money laundering and terrorism financing risks.
By FCCT Editorial Team
, an independent military force, and allied militias in Sudan raped several dozen women and girls in West Darfur’s capital, El Geneina, and those fleeing to Chad between late April and late June 2023, Human Rights Watch said today. The assailants appear to have targeted people because of their Massalit ethnicity and, in some cases, because they were known activists.){kind=link}