Nigerian lawyer: Ban on cash withdrawals from accounts operated by VASPs may violate CBN’s cashless policy
Nigerian fintech lawyer Ihenyen stated that the new Central Bank of Nigeria (CBN) guidelines prohibit the withdrawal of cash from accounts operated by virtual asset service providers (VASPs), which seems reasonable and understandable. However, the lawyer believes that a complete ban on cash withdrawals from accounts operated by VASPs may conflict with CBN's own cashless policy.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Nasdaq Company Pledges $300M Crypto Investment in Bitcoin and Trump Memecoin
CEO Xiaojian Wang's Strategic Cryptocurrency Adoption: A Move Towards Value Creation through Decentralization
Virtuals Launches veVIRTUAL Staking for Genesis Platform
SEC Delays Crypto ETF Decisions, Final Rulings Expected in 2025
Curve Finance Migrates Domain Post-DNS Security Breach
Trending news
MoreCrypto prices
More
