In response to a directive from the Central Bank of Nigeria (CBN), Nigerian digital financial institution OPay has announced the prohibition of all cryptocurrency and virtual currency trading on its platform.
The management of OPay issued a statement urging customers to comply with the new policy. It warned that accounts found engaging in cryptocurrency transactions will be closed.
Furthermore, OPay affirmed its commitment to regulatory compliance by stating that customer information related to such activities will be shared with relevant authorities.
The directive, which aligns with the CBN’s stance on virtual currencies, aims to ensure financial stability and security within the Nigerian banking and financial system.
