Business
OPay Issues Stern Warning To Customers Against Cryptocurrency Trading
By Gideon Ayeni
OPay, a leading digital payment platform, has explicitly prohibited customers from engaging in cryptocurrency and virtual currency trading on its platform. This move is in compliance with the Central Bank of Nigeria’s (CBN) directive aimed at curbing fraudulent activities and bolstering the value of the Naira.
According to the notice posted on the official X handle of Opay, any account found to be involved in cryptocurrency or virtual currency transactions will be promptly closed, and customer information will be shared with regulatory authorities. OPay’s management emphasized the importance of adhering to this policy, urging customers to ensure their accounts are not used for such activities.
See the post below ;
GWG.ng reports that this development comes on the heels of the CBN’s recent decision to restrict OPay from onboarding new customers until further notice, as reported last week. The move by Opay is part of a broader effort to clamp down on fraudulent activities linked to cryptocurrency trading and stabilize the Naira’s value.
As the digital payment landscape continues to evolve, it is crucial for users to remain vigilant and comply with regulatory guidelines to ensure a secure and trustworthy financial ecosystem.
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