Cryptocurrency: Luno resumes naira deposit, withdrawal for Nigerians

Overview Of: Cryptocurrency: Luno resumes naira deposit, withdrawal for Nigerians


By
Central Bank of Nigeria

We’re thrilled to announce that deposits and withdrawals in Naira will resume on the Luno platform in November,” Luno told its users in an email.

Luno halted naira deposit and withdrawal for Nigerian cryptocurrency traders in February after the Central Bank of Nigeria (CBN) prohibited cryptocurrency trading.

The ban on cryptocurrency forced changes in the operations of Luno and other Nigerian fintech companies into cryptocurrency trading.

However, Luno disclosed that the withdrawal and depositing of funds for Nigerian users will be done through a third-party platform.


Published: 3 months ago | 22 Views

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