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‘Govt just wants us to suffer’ — reactions trail CBN’s directive to close crypto accounts

  Reactions have continued to trail the Central Bank of Nigeria’s (CBN) order directing banks and other financial institutions, to close acc...

 


Reactions have continued to trail the Central Bank of Nigeria’s (CBN) order directing banks and other financial institutions, to close accounts of persons or entities involved in cryptocurrency transactions within their systems.


On Friday, the apex bank released a circular to deposit money banks (DMBs), non-bank financial institutions (NBFIs), and other financial institutions (OFIs) to close accounts of persons or entities involved in cryptocurrency transactions within their systems.

 

The directive has however not gone down well with Nigerians on social media platforms especially Twitter as they have expressed their annoyance.

 

DJ Switch, Nigerian disc jockey-turned-activist, has condemned the ban and accused the federal government of promoting poverty.

 

 “How can you ban crypto transactions in 2021! A currency that’s growing our economy little by little. People are making money legitimately. Doubling their money and taking care of their families with it! They just want us to suffer! Our government hates progress!! It’s saddening,” a Twitter user wrote.

 

” Welcome to a country where our government Bans crypto and pardon terrorists,” another user said.

 

Here is what some Nigerians had to say:

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