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In january 2017, the central bank of nigeria announced that bank transactions in virtual currencies were banned in nigeria, however, the bank has since. They are based in ibadan and only serve nigerian residents. Bitcion is legal tender in many countries, btc exchange rate in african currency nigeria bitcoins regulation is bitcoin legal in nigeria buybitcoinworldwide. Bitcoin and cryptocurrencies have no legal status or regulatory framework in south africa. Cryptocurrency is unregulated in nigeria.
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