FILE PHOTO: The "Computer Village" is pictured in the Ikeja district in Nigeria's commercial capital Lagos, Nigeria August 31, 2020. Picture taken August 31, 2020. REUTERS/Temilade Adelaja/File Photo
LAGOS (Reuters) - Nigeria's central bank has lifted a ban on transacting in cryptocurrencies, while saying global trends had shown a need to regulate such activities, the bank said in its latest circular.
The Central Bank of Nigeria (CBN) in Feb. 2021 barred banks and financial institutions from dealing in or facilitating transactions in crypto assets, citing money laundering and terrorism financing risks.
