The Bank's Acting Director, Corporate Communications, Mr Isaac Okoroafor, in an announcement on Wednesday in Abuja, said digital currencies, for example, Bitcoin, Ripples, Monero, Litecoin, Dogecoin, Onecoin, and Exchanges, for example, NairaEx were not authorized or controlled by the CBN.
Okoroafor said that merchants and financial specialists in any sort of digital currency in Nigeria were not secured by law, along these lines might be not able look for legitimate change in occasion of disappointment of the exchangers or crumple of the business.
The CBN additionally cautioned Nigerians against putting resources into cryptographic forms of money as doing as such would be at their own particular hazard.
The News Agency of Nigeria (NAN) reports that the CBN had in Jan. 12, 2017, issued a round to banks and other monetary foundations on virtual money activities in Nigeria.
In the 2017 round marked by the Director, Financial Policy and Regulation Department, Kevin Amugo, the CBN had among different issues noticed that virtual monetary standards were exchanged trade stages that were not managed everywhere throughout the world.
Amugo additionally noticed that exchanges in virtual exchanges were to a great extent untraceable and unknown, in this way, making them powerless to manhandle by offenders in illegal tax avoidance and financing of fear mongering.
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