OPay, a leading financial technology company, has warned its customers against trading in cryptocurrency or any virtual currency on its app.
In a notice issued on Friday, the company said it would block any account found engaging in such trading and also forward the details of the account owner to the regulator.
“In compliance with the CBN directive, please note that OPay prohibits any cryptocurrency and all virtual currency trading. Any account engaging in such activities will be closed, and customer information will be shared with regulatory authorities.
“Please ensure that your account does not involve any cryptocurrency or any other virtual currency transaction,” the company warned.
This is coming as the Central Bank of Nigeria (CBN) continues to beam its searchlights on fintech companies in the country.
Earlier, the CBN had directed OPay, Moniepoint, Palmpay, and Kuda Bank to stop onboarding new customers.
OPay’s warning comes after Nigeria’s National Security Adviser (NSA) reportedly classified crypto trading as a national security issue.
READ ALSO:
Naira falls to N1,395/$ in parallel market
- Amaewhule Accuses Fubara Of Lying, Reigniting Fresh Political Crisis In Rivers
- Senate Committee Clears Reno Omokri, Ex-INEC Chairman Yakubu, Others As Nigerian Ambassadors Amid Nomination Controversy
- After refusing to defect to APC, Bayelsa deputy governor slumps, pronounced dead
- Road Crash Claims Lives Of Eight University Of Jos Students
- Ambassadorial Screening: Oshiohole, Ndume clash over Reno Omokri’s suitability for diplomatic role
- BREAKING: Bayelsa Deputy Governor Slumps, Dies
- Bayelsa Deputy Governor collapses, rushed to Federal Medical Centre
- Kidnappers Demand N100 Million As Abducted Vine Crest College Employee In Ogun Begs For Help
- Fusengbuwa Ruling House Rejects K1 De Ultimate’s Claim to Royal Lineage, Declares Submitted Form “Null and Void”
Leave a Reply