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What are the Effects of Digital currencies on Commercial Banks in Nigeria?
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[QUOTE="Haypril, post: 89418, member: 29873"] Crypto currencies has been making waves of successful transactions since it acceptance in Nigeria. But suddenly, the Central Bank of Nigeria decided to place a ban on any transactions that has to do with Crypto currencies. And this action of theirs has affected lots of individuals and businesses that has accepted digital currency as a medium of exchange. Personally, I have suffered a great loss and find it difficult to purchase this Crypto currencies directly from exchange wallet. In my opinion, Commercial banks really had contributed in the ban of Crypto currency in Nigeria. Take for instance, about 2 years ago, when there is increase in the acceptance of Crypto currency in Nigeria, a popular commercial bank launched their own coin and made it possible for customers to be able to store. So I think the ban is as a result to reduce the effects on the financial institutions in Nigeria. [/QUOTE]
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What are the Effects of Digital currencies on Commercial Banks in Nigeria?
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