Nigeria, the central bank to ban encryption currency trading

On February 5th, the central bank of Nigeria in a letter released by the requirement of the country's Banks, non bank financial institutions and other financial institutions an immediate shutdown of all involved encryption currency trading accounts, and banned buying and selling encryption currency or provide convenient payment for such transactions. Central bank warned that don't comply with the instructions would lead to "strict regulatory sanctions". Reported that Nigeria is the continent's most active encryption money markets, in terms of volume, Nigeria is second only to the United States of the world's second-largest currency markets.