## Bitcoin Mining in Nigeria: Navigating Legal Ambiguity and Operational Realities
**The Regulatory Status: Neither Banned Nor Explicitly Permitted**
As of 2025, bitcoin mining and broader cryptocurrency mining activities in Nigeria occupy a peculiar legal space—not explicitly prohibited, yet lacking clear enabling frameworks. While no specific legislation outright criminalizes mining operations, the Central Bank of Nigeria (CBN) has created an indirect chilling effect through its February 2021 directive that barred financial institutions from facilitating cryptocurrency transactions. This reg
**The Regulatory Status: Neither Banned Nor Explicitly Permitted**
As of 2025, bitcoin mining and broader cryptocurrency mining activities in Nigeria occupy a peculiar legal space—not explicitly prohibited, yet lacking clear enabling frameworks. While no specific legislation outright criminalizes mining operations, the Central Bank of Nigeria (CBN) has created an indirect chilling effect through its February 2021 directive that barred financial institutions from facilitating cryptocurrency transactions. This reg
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