{"id":12878,"date":"2024-04-24T13:04:53","date_gmt":"2024-04-24T10:04:53","guid":{"rendered":"https:\/\/forklog.com\/en\/nigerias-central-bank-denies-order-to-freeze-crypto-exchange-accounts\/"},"modified":"2024-04-24T13:04:53","modified_gmt":"2024-04-24T10:04:53","slug":"nigerias-central-bank-denies-order-to-freeze-crypto-exchange-accounts","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/nigerias-central-bank-denies-order-to-freeze-crypto-exchange-accounts\/","title":{"rendered":"Nigeria&#8217;s Central Bank Denies Order to Freeze Crypto Exchange Accounts"},"content":{"rendered":"<p>The Central Bank of Nigeria (CBN) has refuted the authenticity of a previously published <a href=\"https:\/\/cointelegraph.com\/news\/nigerian-central-bank-freeze-user-accounts\" target=\"_blank\" rel=\"noreferrer noopener\">Cointelegraph<\/a> circular, which allegedly demanded financial institutions to identify individuals or entities involved in transactions with cryptocurrency exchanges and freeze their accounts.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">This information does not originate from the Central Bank of Nigeria. <\/p>\n<p>For authentic updates, please visit the official website of the Bank at <a href=\"https:\/\/t.co\/R9TQU0eRpp\">https:\/\/t.co\/R9TQU0eRpp<\/a>. <a href=\"https:\/\/t.co\/LCoUvalMRy\">pic.twitter.com\/LCoUvalMRy<\/a><\/p>\n<p>\u2014 Central Bank of Nigeria (@cenbank) <a href=\"https:\/\/twitter.com\/cenbank\/status\/1783081492018602076?ref_src=twsrc%5Etfw\">April 24, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Since December 2023, the regulator has permitted banks to serve cryptocurrency companies, open accounts for them, and provide settlement services.<\/p>\n<p>Earlier, Nigerian authorities expressed concern over the impact of cryptocurrency exchanges on the country&#8217;s economy. Telecommunications companies were instructed by the government to <a href=\"https:\/\/forklog.com\/en\/news\/binance-executives-detained-in-nigeria-amid-cryptocurrency-crackdown\">block<\/a> access to several platforms, including Binance, Coinbase, and Kraken.<\/p>\n<p>Charges of tax evasion have been filed against Binance Holdings Limited and two of the exchange&#8217;s top executives, Tigran Gambaryan and Nadeem Anjarwalla. The court case has been postponed until May 17.<\/p>\n<p>Binance potentially faces a <a href=\"https:\/\/forklog.com\/en\/news\/binance-denies-10-billion-fine-from-nigerian-authorities\">$10 billion fine<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Central Bank of Nigeria (CBN) has refuted the authenticity of a previously published Cointelegraph circular, which allegedly demanded financial institutions to identify individuals or entities involved in transactions with cryptocurrency exchanges and freeze their accounts. This information does not originate from the Central Bank of Nigeria. For authentic updates, please visit the official website [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12877,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1229,1412,809,1166,150],"class_list":["post-12878","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-banks-and-fintech","tag-bans-and-restrictions","tag-central-banks","tag-centralized-exchanges-cex","tag-nigeria"],"aioseo_notices":[],"amp_enabled":true,"views":"23","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/12878","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=12878"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/12878\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/12877"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=12878"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=12878"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=12878"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}