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Awe as OPay threatens to yank off customers accounts

Technology tamfitronics

OPay, a main monetary expertise firm, has warned its customers in opposition to trading in cryptocurrency or any digital forex on its app.

In a look issued on Friday, the firm talked about it can per chance more than seemingly block any legend came all the arrangement in which by fascinating in such trading and also forward the small print of the legend proprietor to the regulator.

“In compliance with the CBN directive, please instruct that OPay prohibits any cryptocurrency and all digital forex trading. Any legend fascinating in such activities will seemingly be closed, and buyer files will seemingly be shared with regulatory authorities.

Please make sure that your legend does no longer indulge in any cryptocurrency or another digital forex transaction,” the firm warned.

This is coming as the Central Bank of Nigeria (CBN) continues to beam its searchlights on fintech corporations within the nation.

Earlier, the CBN had directed OPay, Moniepoint, Palmpay, and Kuda Bank to cease onboarding original customers.

OPay’s warning comes after Nigeria’s Nationwide Security Adviser (NSA) reportedly classified crypto trading as a nationwide safety distress.


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