Moniepoint, Paga to block accounts of customers involved in crypto trading
- Moniepoint and Paga notify customers of account blocks for facilitating crypto transactions
- CBN ordered some new banks, including Moniepoint, to stop onboarding new customers
- Notification contradicts CBN's previous announcement to lift the crypto ban
The notification by Moniepoint and Paga to block accounts for crypto transactions indicates a potential reinstatement of the crypto ban by the Central Bank of Nigeria. This contradicts the previous announcement to lift the ban and may negatively impact the use of digital assets in the country.
