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
Good for them.
But there are a lot of crypto scammers in Nigeria, we should pay more attention
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