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Bitcoin is legal in nigeria, but the nigerian sec, or securities and exchange commission, warned citizens about cryptocurrency investments the securities and exchange commission of nigeria says it is working with the central bank to create a legal framework for cryptos and digital assets.
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A cryptocurrency is an online medium of digital exchange that is not regulated by a central system. The legal status of bitcoin (and related crypto instruments) varies substantially from state to state and is still undefined or changing in many of them. Bitcoin business is now becoming popular in nigeria. All banks and other financial institutions like payment processors are. Want to start a bitcoin business in nigeria, africa, or worldwide?
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