Barking Subpoena Department Centa use Strict PM 0107 Gan Ab
LETTER TO ALL DEPOSIT MONEY BANKS, NON-BANK FINANCIAL INSTITUTIONS AND OTHER FINANCIAL INSTITUTIONS
The Central of Bank of Nigorta's (CBN) circular of January 12, 2017 ref FPRDIR/GENOIR 08/010 which cautioned Deposit Money Banks (DMBA). Non Bank Financial Institutions (NBFI. Other Financial Institutions (OFis) and members of the pubic on the risk associated with transactions in cryptocurrency refers.
Further to earlier regulatory directives on the subject the Bank hereby wishes to remind regulated Institutions that dealing in cryptocurrencies or facilitating payments for cryptocurrency exchanges in prohibited.
Accordingly, all DBMS. NBFCS and OFis ar directed to identity persons and/or entities transacting in or operating cryptocurrency changes within their systems and ensure that such accounts are closed immediately.
Plande note that breaches of this directive will attract severe regulatory sanctions.
This letter is with immediate effect.
DIRECTOR OF BANKING SUPERVISION
DİRECTOR PAYMENTS SYSTEM MANAGEMENT DEPARTMENT.
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