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The interest in trading cryptocurrency in nigeria is growing every day. Is bitcoin (btc) trading legal in nigeria? But will the trading in cryptos in nigeria soon be regulated? Cryptocurrency trading in nigeria & bitcoin vs fiat currencies. This means that even if you're enthusiastic to start day or swing trading cryptocurrency.
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Only a legal professional can offer legal advice and buy bitcoin worldwide offers no such advice with respect to the contents of its website. But before we address this concern, let's look at a brief definition of. Nigerians have been looking seriously into the forex trading sector. The most popular cryptocurrency is bitcoin but the. Is trading cryptos online legal in nigeria and can you purchase one with a credit card?
Best cryptocurrency companies in nigeria. Nigerian traders have always been major participants in bitcoin and cryptocurrency trading. On the 11th of september 2020, the securities and exchange commission took a cue from the attorney general although bitcoin is yet to be recognized as a legal tender in nigeria, people who trade and buy bitcoin or other cryptocurrencies are not breaking any. This kind of p2p crypto. Therefore, bitcoin is neither legal nor illegal. But before we address this concern, let's look at a brief definition of. Find the best rate to exchange cryptos and fiat currencies. Following a landmark ruling by the securities and exchange commission of nigeria (sec nigeria) on september 11, 2020, cryptocurrencies are now legally recognized as securities in nigeria.
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Is bitcoin legal in nigeria? But the truth is, very few people have been pointed in the right direction. Bitcoin & cryptocurrency trading in nigeria. We list below the trading account types available in nigeria. In nigeria, trading sites of bitcoin are legal and secured by the country recognition of bitcoin startups. The most popular cryptocurrency is bitcoin but the. I was recently briefed by a client seeking legal advice regarding the use of cryptocurrency by way of an agri coin to unify farmers, farm products and product trading. We even have full time crypto traders who employ various strategies and methods of trading. However, the nigeria deposit insurance corporation and the central bank of nigeria have plans to adopt. Here is how it works we trade with cryptocurrency here like bitcoin, kuwait currency, we make tripple of what ever amount you pay. This is because the government has not banned it again nor it has been declared legal and people are using it. Nigeria is one of the most however, bitcoin is not recognized as legal tender by the central bank of nigeria (cbn). One of nigerian cryptocurrency investor regrettably said to me today;