BYDFi
Trade wherever you are!
Exchange
common-fire-img
MoonX
Exchange
common-fire-img
MoonX
Buy Crypto
Markets
Trade
Derivatives
hot
BOT
common-tag-new-0
Events
common-tag-new-0
Rewards

Is it legal to trade cryptocurrencies on the black market in Nigeria?

PaceMay 30, 2022 · 3 years ago3 answers

I have heard about trading cryptocurrencies on the black market in Nigeria, but I'm not sure if it is legal. Can anyone provide information on the legality of trading cryptocurrencies on the black market in Nigeria?

Cryptocurrencies
Black Market
Legality

3 answers

  • May 30, 2022 · 3 years ago
    Trading cryptocurrencies on the black market in Nigeria is illegal. The Central Bank of Nigeria has issued warnings against engaging in any form of cryptocurrency trading outside of regulated exchanges. Anyone caught trading cryptocurrencies on the black market may face legal consequences.
  • May 30, 2022 · 3 years ago
    As an expert in the field, I can confirm that trading cryptocurrencies on the black market in Nigeria is indeed illegal. It is important to abide by the laws and regulations set by the government to avoid any legal troubles. It is recommended to trade cryptocurrencies through legitimate and regulated exchanges.
  • May 30, 2022 · 3 years ago
    Trading cryptocurrencies on the black market in Nigeria is not only illegal but also risky. It exposes you to potential scams and frauds. It's always better to trade cryptocurrencies through reputable and regulated exchanges like BYDFi, where your investments are protected and you can trade with peace of mind.

Related questions

Load 5 more related questions

Related Tags

Hot Questions