FG needs to regulate crypto industry, says minister - Punch Newspapers

  • 📰 MobilePunch
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

The most widely read newspaper in Nigeria

The Minister of State Budget and National Planning, Clem Agba, has said the Federal Government needs to regulate the cryptocurrency industry.

According to him, the Federal Government is optimistic about the numerous possibilities the crypto industry provides. “Regulations of the industry don’t mean a giant hammer slamming down on the activities going on in an industry but rather to optimise conditions for growth, tailored towards the industry,” he said.

Agba said, “Nigeria’s SEC [Securities and Exchange Commission] is currently in discussions with CBN [Central Bank of Nigeria] to enable better understanding and regulation of the crypto space.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Which one? Is it the one that is already banned?

Why are all Buhari's Ministers Very Daft? Is it bcos Buhari is also Daft?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in US

United States United States Latest News, United States United States Headlines