Hyphen announces that it has officially launched.

Ritu13

Golden Finance reports that the Central Bank of Nigeria (CBN) has lifted restrictions on Virtual Asset Service Providers (VASPs) opening bank accounts in the country. The new policy overturns a CBN directive from February 2021, which urged banks to immediately close accounts related to digital asset activities, although it appears not to have overturned the country's ban on banks engaging in cryptocurrency transactions or holding digital assets themselves.

Furthermore, any VASP in the country must be regulated by the Nigerian SEC before being allowed to operate and must deposit at least 500 million Naira (approximately $550,000) in a bank account to obtain a license. The report suggests that this could impact smaller-scale participants in the market.

Yamini003

It's a good thing that this has gone live.

Kahn332

What is this thing, and what's the purpose of its launch?

Kalkin995

It's worth paying attention to, even if just for the fact that it's now online.