Central Bank of Nigeria (CBN) has refuted financial letters with BSD/DIR/PUB/LAB/017/008 asking Deposit Money Banks (DMB), Non Bank Financial Institutions (NBFIs) and Other Financial Institutions (OFIs) on risk associated to crypto currency.
This according to an official statement posted on the CBN official X platform on Wednesday 23rd April 2024.
CBN has not officially backed the statement which is still under investigation by the financial institution terming it as ‘unverified content’
“This information does not originate from the Central Bank of Nigeria,” CBN said.
