PalmPay Halts Crypto Transactions Amid Regulatory Pressure

PalmPay has urged its users to refrain from cryptocurrency transactions through its platform to avoid potential account suspension.

The company reassures customers of its commitment to regulatory compliance and platform stability. Stay tuned for further updates on this developing story.

Recall that the Central Bank of Nigeria (CBN) has issued regulations concerning cryptocurrency transactions, prompting swift action from financial service providers like PalmPay.

The directive emphasizes compliance with government regulations regarding virtual assets.