A cryptocurrency (or crypto) is a digital unregulated currency that can be used to buy goods and services, but uses an online ledger with strong cryptography to secure online transactions. Much of the interest in the currency, not backed by any government, is to trade for profit, with speculators at times driving prices skyward. In Nigeria , the central bank has directed all banks and other financial institutions to close all Cryptocurrency Traders accounts. What does it tell you about cryptocurrencies ?

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