Yellow card, a cryptocurrency exchange, in a recent statement has announced to resume its services of naira deposits and withdrawals in Nigeria.
The growing interest of CBN’s in Digital Currencies
Crypto exchange, Yellow card has resumed its services of local deposits and withdrawals in Nigeria. This has come only after a year of suspending services, following the directive of the central bank.
In a statement released by ‘Oparinde Babatunde’, he revealed, that this decision was made, after the change in the stance of CBN (Central Bank of Nigeria) on digital currencies.
Like many other crypto exchanges, Yellow card was also forced to stop its naira deposits and withdrawals, after an order was passed by CBN to stop including crypto entities in the banking system.
With this announcement, Yellow card has become the latest crypto exchange in Africa to restart naira deposits and withdrawals.
According to Oparinde Babatunde, they are expecting an increase in the number of users, to 500,000 by the end of the first quarter, in 2022, and their priority will be to ensure the safety of their customers.
Yellow cards are also planning to educate its customers about cryptocurrency through webinars and platforms like YC Academy.
Disclaimer: The article is just to provide information and shouldn’t be considered as any financial advice. It is advisable to conduct thorough research before investing in any cryptocurrency.
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