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CRYPTOCURRENCY BAN: “Your funds are safe” – Luno Assures Nigerians

March 31, 2021
in News, Business & Economy, Finance, Industry
Reading Time: 2 mins read
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CRYPTOCURRENCY BAN:
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“… we are in talk with regulators towards creating a sustainable framework that will work for all” – Luno

Popular cryptocurrency operator, Luno, has assured that funds of its Nigerian customers are safe in their wallets.

Although, its deposit and withdrawal services are still unavailable due to the Central Bank of Nigeria’s ban on cryptocurrencies.

The assurance was contained in a broadcast mail sent to Luno customers in Nigeria, today, Wednesday.

Accordinng to the information contained in the mail, the operator stated that it is in talk with the regulators towards creating a sustainable framework for cryptocurrency regulation in the country.

The mail reads:

“We’d like to start by thanking you for your patience and understanding during this time. The recent Central Bank of Nigeria’s (CBN) directive caught the entire cryptocurrency industry by surprise and we understand how frustrating it may have been for you.

“Deposits and withdrawals are unfortunately still unavailable. Please rest assured that your funds remain completely safe with us and we are working around the clock to find a solution that enables our customers in Nigeria to withdraw their funds again as a priority.

“We are currently in constructive dialogue with the regulators and are hopeful that, together, we can create a sustainable framework for cryptocurrency regulation that benefits all parties. In the meantime, Luno is still actively operational in NG and customers can buy, sell, send, receive and earn crypto.”

READ ALSO; Forex Alert: Naira Appreciates by 40 kobo to N408.67/$ in I & E Window

Tags: BanCryptocurrencyLunoSafety
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