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odm wedding geometric jewelry pendant wholesale The Nigerian Blockchain Industry Coordination Committee (BICCON) said that Nigerian financial institutions arbitrarily freeze or close the individual or physical bank accounts that are accused of transactions. In public statements issued by November 22, Nigeria's most important cryptocurrency and blockchain advocate group alliance BICCON proposed that the affected individuals and companies seemed to seek legal suggestions and remedies in court under appropriate circumstances. The agency also insisted that any public or private organizations in Nigeria should not be on the law. , as Bitcoin News previously reported, since November 3, Nigerian financial institutions have been closing or frozen bank accounts that are suspected of trading cryptocurrencies. These institutions claimed that they did this to comply with the instructions issued by the Nigerian Central Bank (CBN) initially issued on February 5. , although the bank has put forward these requirements, the Blockchain Commission insists that financial institutions are suspicious because the account holders are cryptocurrency traders blocking or frozen accounts. The BICCON statement explained: The statement also reiterated the position of Biccon's CBN instruction, which was originally used by financial institutions to prove that encrypted entities excluded the rationality outside the banking system.
, in the same statement, BICCON also uses the reorganization of the Nigerian cryptocurrency industry to reiterate its beliefs, that is, CBN is infringing on the legislative power of the legislature. BICCON pointed out: "Since February 5, 2021, some individual and entity accounts have been closed ... Although as regulators, CBN has the legal power of defining banking business, but [The] banks and other finances Organization [THE] ordered [OF] Frozen [or Close] accounts suspected to be used for cryptocurrencies may not be supported by law. This is because the National Parliament currently does not legislate Nigeria's cryptocurrency trade as criminal crimes or illegalization. " The statement insisted that the notice of CBN failed to review the notice of CBN "will establish a dangerous precedent in the country." The statement also shows that although BICCON opposes the "improper discrimination" of the Nigerian blockchain and the encryption industry, the agency is willing to cooperate with relevant regulatory agencies, law enforcement agencies and government. What do you think of BICCON's public statement? The comments below tell us your thoughts. # Bitcoin [Super talk] # # # # digital currency #
odm wedding geometric jewelry pendant wholesale The Nigerian Blockchain Industry Coordination Committee (BICCON) said that Nigerian financial institutions arbitrarily freeze or close the individual or physical bank accounts that are accused of transactions.
In public statements issued by November 22, Nigeria's most important cryptocurrency and blockchain advocate group alliance BICCON proposed that the affected individuals and companies seemed to seek legal suggestions and remedies in court under appropriate circumstances. The agency also insisted that any public or private organizations in Nigeria should not be on the law.
, as Bitcoin News previously reported, since November 3, Nigerian financial institutions have been closing or frozen bank accounts that are suspected of trading cryptocurrencies. These institutions claimed that they did this to comply with the instructions issued by the Nigerian Central Bank (CBN) initially issued on February 5.
, although the bank has put forward these requirements, the Blockchain Commission insists that financial institutions are suspicious because the account holders are cryptocurrency traders blocking or frozen accounts. The BICCON statement explained:
The statement also reiterated the position of Biccon's CBN instruction, which was originally used by financial institutions to prove that encrypted entities excluded the rationality outside the banking system.
, in the same statement, BICCON also uses the reorganization of the Nigerian cryptocurrency industry to reiterate its beliefs, that is, CBN is infringing on the legislative power of the legislature. BICCON pointed out:
"Since February 5, 2021, some individual and entity accounts have been closed ... Although as regulators, CBN has the legal power of defining banking business, but [The] banks and other finances Organization [THE] ordered [OF] Frozen [or Close] accounts suspected to be used for cryptocurrencies may not be supported by law. This is because the National Parliament currently does not legislate Nigeria's cryptocurrency trade as criminal crimes or illegalization. "
The statement insisted that the notice of CBN failed to review the notice of CBN "will establish a dangerous precedent in the country." The statement also shows that although BICCON opposes the "improper discrimination" of the Nigerian blockchain and the encryption industry, the agency is willing to cooperate with relevant regulatory agencies, law enforcement agencies and government.
What do you think of BICCON's public statement? The comments below tell us your thoughts.
# Bitcoin [Super talk] # # # # digital currency #