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Is Bitcoin Mining Legal or Illegal? - BTC Wires - Penny ... from pennystockspy.com No law in nigeria, ghana, or kenya has made dealing in cryptocurrency illegal or criminalized it, including cryptocurrency trading. Use of cryptocurrency illegal in nigeria, says cbn. Nigeria has an uneasy relationship with bitcoin. No law in nigeria, ghana, or kenya has made dealing in cryptocurrency illegal or criminalized it, including cryptocurrency trading. A quick answer to the question is: In january 2017, the central bank of nigeria announced that bank transactions in virtual currencies were banned in nigeria, however, the bank has since clarified it's stance on bitcoin, stating : In effect, the use of cryptocurrencies in nigeria are a direct contravention of existing law. No law in nigeria, ghana, or kenya has made dealing in cryptocurrency illegal or criminalized it, including cryptocurrency trading.
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Can i mine bitcoin in nigeria? However, nothing could be further from the truth. Bitcoin is widely seen as a pioneer and the most successfully used in the world of crypto currencies. In nigeria, the cryptocurrency is still illegal in the country, although the central bank governor, godwin emefiele, has stated that digital currency will still be allowed in the country. Although no legislation exists that criminalizes cryptocurrency transactions, authorities in the west african country have gone the route of restricting on/off ramping to stamp their rule on the matter.
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This effectively bans the use of bank accounts to buy, sell, or trade bitcoin and other crypto on exchanges.
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