I really hope that Nigeria will be able to overcome its financial and economic crises soon.
Since the spread of the culture of crypto and digital assets since late 2016, we have noticed that some countries have resorted to changing their currencies from paper to electronic, and the reason, of course, is careful monitoring of money movements and financial activity of individuals and companies. It is an attempt to escape forward and does not provide real alternatives that encourage people to abandon the use of crypto.
Topic: Hope for cryptocurrency in Nigeria. - page 4. (Read 744 times)
Nigeria has come to consider the banned which was put to crypto currency in the country in 2020. Ibrahim Babaginda the chairperson of legislative body committee on capital market and institute said that Central Bank of Nigeria does not have the right to control crypto industries and the Apex bank don't have the authority to regulate cryptocurrency because many digital investors don't even use local account since it is not a financial market but a capital market. the House of Rep be asked to approve a bill to that seeks to amend the investment and security in Act 2007 in other to designated cryptocurrency as a capital investment. Ibrahim Babaginda said the banned on cryptocurrency will not only be lifted but will be legalize.
https://news.bitcoin.com/report-nigerian-lawmakers-set-to-pass-law-that-diminishes-central-bank-influence-on-crypto/
https://news.bitcoin.com/report-nigerian-lawmakers-set-to-pass-law-that-diminishes-central-bank-influence-on-crypto/
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