As of 20th of December 2022, Naija lawmakers dey expect sae, a bill dat will regulate cryptocurrency in di kwantri go come 2 pass. Dem come diminished CBN influence on cryptocurrency in di kwantri.
It's funny how the CBN, which is supposed to regulate only financial markets according to the constitution and at least what SEC boss Babangida Ibrahim stated, went ahead and regulated and banned bitcoin/crypto without the consent of the SEC, which is supposed to be in charge of capital markets. NO BE JUJU BE DAT ONE?What really puzzles me is that the SEC has designated crypto assets as securities assets in 2020 but were forced to abandon those regulations they put in place to support and the regulations by the CBN in 2021, so my question is why didn't they try to stop or oppose the CBN when those regulations were placed behind their back in 2021?
this our apex bank ( CBN) just dey trow regulations anyhow, funny enough dem think say they have all the right but the real palava na SEC wey no sabi their right. even the memo they published in 2020 they did not specify if crypto is legally or not, they were just beating around the bush and when CBN placed the ban on banks from dealing with crypto transactions NA SEC even carry the whole tin for head
. confused set of people. 
