Is Btc Illegal In Nigeria : Interswitch Partners Microsoft to Launch Blockchain ... : Bitcoin is neither legal or illegal in nigeria.. The central bank of nigeria doesn't even acknowledge digital assets as a legitimate tender. Nigeria has become a hot spot for cryptocurrency as an alternative to the naira, a national currency prone to depreciation. They sent a notice to all financial institutions in january 2017, warning against the conversion of naira to btc. Bitcoin is neither legal or illegal in nigeria. As of now, one can say their position is neutral to the extent that the government cannot control bitcoins.
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They sent a notice to all financial institutions in january 2017, warning against the conversion of naira to btc.
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Now, let the debate begin. Bitcoin is neither legal or illegal in nigeria. No law in nigeria, ghana, or kenya has made dealing in cryptocurrency illegal or criminalized it, including cryptocurrency trading. Btc.ng this shows that there is a growing interest in bitcoin (btc) and alternative cryptocurrencies in africa. Is bitcoin illegal in nigeria?
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Also, the government has not passed any regulation that makes bitcoin legal.
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