The Central Bank of Nigeria denies requesting the freezing of bank accounts of cryptocurrency exchange users

ChainCatcher news, regarding the news "The Central Bank of Nigeria issues a ban on cryptocurrency trading and requires financial institutions to freeze accounts related to Bybit, KuCoin, OKX, and Binance," the Central Bank of Nigeria (CBN) stated in a publication that the CBN has not officially issued such a notice, and the public should check the official website for the latest information to ensure the reliability of the news.

Yesterday, according to Cointelegraph, a screenshot showed that the Central Bank of Nigeria required all banks and financial institutions to identify individuals or entities trading with cryptocurrency exchanges and to set these accounts to "prohibited from debit" (PND) status within six months, meaning that account holders will not be able to withdraw funds or make payments from the relevant accounts.

According to the screenshot, the Central Bank of Nigeria listed cryptocurrency exchanges that do not have operational licenses in Nigeria, including Bybit, KuCoin, OKX, and Binance. The Central Bank of Nigeria will investigate illegal purchases and sales of the stablecoin USDT on these platforms, especially those using peer-to-peer (P2P) trading. Additionally, the Central Bank of Nigeria pointed out that financial institutions are prohibited from engaging in cryptocurrency trading or providing payment services for cryptocurrency exchanges.