# Nigeria Is Now Rewarding Citizens For Using Licensed Money Senders, Not Crypto By Coinness Canonical URL: https://www.tokenpost.com/news/investing/7298 Published: 2021-03-10T07:13:02.000Z Updated: 2021-03-10T07:13:02.000Z Section: Investing > The Central Bank of Nigeria (CBN) is incentivizing citizens to use licensed international money transfer operators (IMTOs) to send and receive money, according to a report by the BBC. The Central Bank of Nigeria (CBN) is incentivizing citizens to use licensed international money transfer operators (IMTOs) to send and receive money, according to a report by the BBC. In February, the CBN issued a five-page statement clarifying its position on cryptocurrencies, stating they are not a form of legal tender in Nigeria. [Coinness]() ## Links in this article - [Coinness](https://coinness.com)