HomeCryptoIs Bitcoin Legal in Nigeria?

Is Bitcoin Legal in Nigeria?

There are several concerns surrounding the legality of trading bitcoin or any other cryptocurrency tokens in Nigeria. The average Nigerian has a knowledge deficiency of his or her human rights, and this weakness is often exploited by policemen who seize tokens illegally and threaten or assault citizens.

There is a very short answer for this question. Yes. The use of bitcoin is completely legal in Nigeria. However, there are a lot of complexities surrounding the situation. Trading of cryptocurrency is also legal in Nigeria, and there are speculations that the crypto restrictions in the country are in place for promotion of e-naira.

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