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Cryptocurrency Ban: Nigerians are free to use bitcoin, says CBN declares

This declaration was made by the governor of the apex bank, Godwin Emefiele in Abuja at the 30th seminar for Finance Correspondents and Business Editors organised by the bank.
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The Central Bank of Nigeria (CBN) has declared that there was no time the bank banned the activities of Cryptocurrencies in the country.

This declaration was made by the governor of the apex bank, Godwin Emefiele in Abuja at the 30th seminar for Finance Correspondents and Business Editors organised by the bank.

Representing the apex bank governor, the deputy governor, Corporates Services, Adamu Lamtek said what the bank did was to protect the banking sector from the activities of Cryptocurrencies and not a ban on its activities.

“The did not place restrictions from use of Cryptocurrencies and we are not discouraging people from trading in it. What we have just done was to prohibit transactions on Cryptocurrencies in the banking sector.”

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The Senate invited Emefiele to brief its committees on the opportunities and threats of on the nation’s economy.

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Alamu Tosin

The writer is Alamu Tosin. I have three strong passions in life — football, blogging and movies — in that order. I love spending time with friends talking about the important things in life and hate nothing more than ‘authority’ and hypocrisy. My personal believe in life is that once an individual sets his/her mind to achieve something, it is totally possible. And oh!, I am a strong Lannister, because I always pay my debt. For writing or fixing gigs, contact tosinalamu@gmail.com.

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