Two layers: (1) Platform layer Monica and any compliant Nigerian crypto platform retains transaction history per AML obligations. CBN, SEC, EFCC, and FIRS can request data per legal process. This is standard regulatory plumbing applied to any regulated financial service. (2) Blockchain layer public ledgers like Bitcoin and Ethereum are inherently traceable. Wallet addresses aren't names but with sufficient analysis they can be linked. Privacy coins exist but aren't supported on Monica or most compliant Nigerian platforms.
On regulated platforms operating in Nigeria, CBN can request transaction data per legal process same as any regulated financial service. Pure onchain blockchain transactions are public but pseudonymous.
In the Monica.cash app download from Google Play or App Store, complete KYC, get started.
0% on Monica for all conversions and bank withdrawals. Only onchain network fees apply, paid to validators (not Monica).
Sub-60 seconds typical for the Monica side (conversion + bank withdrawal). Onchain confirmation timing varies by coin and network.
0% fees. Under 60s payouts. 500K+ users. Built for Nigerian crypto reality.
Download Monica