Crypto trading thrives in Nigeria despite official disapproval
14 October 2021 |
6:40 am
Nigerian artist Sly Megida has been using cryptocurrency platforms to sell his pieces after COVID-19 lockdowns and fluctations in the naira's value forced him to reconfigure his business. Nigeria's Central Bank barred local banks from working with cryptocurrencies in February, warning of "severe regulatory sanctions" and freezing accounts of firms it says are using them.
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