ICT expert: Demonising crypto will affect investment in Nigeria

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Abiodun Adeoye, an information and communications technology (ICT) expert, says demonising cryptocurrency will affect investment in Nigeria.

Adeoye spoke while addressing the issues surrounding Binance’s operation in Nigeria and the crackdown on cryptocurrency firms.

Adeoye said it is time for Nigeria to address its economic challenges wisely instead of blaming a globally accepted business transactional method. Adeoye said it is unfortunate Nigeria is having a problem with Binance at a time the country is becoming a hotbed for cryptocurrency activity, with a burgeoning industry of firms and enthusiasts driving innovation and economic growth.

“The Nigerian government’s strong views towards cryptocurrency firms is no secret. From regulatory restrictions to outright bans, authorities have clarified their stance, citing concerns over financial stability and illicit activities.“Yet, amidst these actions, little consideration has been given to the consequences for the burgeoning crypto ecosystem and the broader economy.

 

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Belgique Dernières Nouvelles, Belgique Actualités