U.S. govt trains 50 Nigerian investigators to combat cryptocurrency fraud

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Nigeria’s central bank has barred banks and financial institutions from transacting with cryptocurrencies based on “significant risks” they “portend”.

The U.S. authorities have trained over 50 Nigerian investigators and prosecutors to tackle cryptocurrency-enabled organised crimes.

The webinar was a collaboration with the Federal Bureau of Investigations, the U.S. Embassy in Kenya Addis Ababa, the U.S. Embassy in Nigeria and the U.S. government on policies and programmes to combat international narcotics and crimes. A study by Whitestream, an Israeli-based blockchain analytics firm, regarded Nigeria’s commercial hub as the ‘Focal Point’ for Africa’s crypto scams.

 

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