Nigerian Presidential Hopeful Says He Supports Digital Currencies but Wants the Industry Regulated – News Bitcoin News

Nigerian Presidential Hopeful Says He Supports Digital Currencies but Wants the Industry Regulated

Nigerian presidential hopeful, Bukola Saraki, recently said he supports the digital currency industry which he claimed has created opportunities for the country’s youth. However, he insisted that there is a need for the enactment of laws that guide players in this space.One of Nigeria’s presidential aspirants, Bukola Saraki, was recently quoted saying he supports digital currencies and that he does not think they will wreck the economy.

I also think it has helped especially the young generation in creating jobs and opportunities. And anything that creates jobs and an enabling environment for people to do their businesses, I am in support of that. So, yes, I am in support of that. Saraki reiterated, however, that money laundering and abuse concerns that regulators often raise including the Central Bank of Nigeria must be addressed.by Bitcoin.com News, the Nigerian central bank has since February 5, 2021, required financial institutions to block crypto-related transactions. The bank insists that privately issued cryptocurrencies like bitcoin have no place in Nigeria’s conventional financial system.

However, despite the CBN’s directive to financial institutions and its subsequent crackdown against errant institutions, Nigerian interest in digital currencies has not waned as

All these Central banks so worried about money laundering... Lol... Well, isn't that in essence what they do to us? The citizens? They take our money, clean it via the monetary system, then use it for whatever horse shit agenda they have. hypocrisy

I personally prefer NOT to be 'guided in the crypto space'. I'm a free adult, so let me invest freely and deal with the rewards and the failures without any nanny state intervention.

Btc pump coming

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