The Blockchain Technology Association of Nigeria (SiBAN) has urged the Central Bank of Nigeria (CBN) to reconsider its current anti-crypto policy that restricts commercial banks and other financial institutions from processing crypto-related transactions.
SiBAN is a founding member of Blockchain Associations Forum (BAF). SiBAN proposed the view at the BAF’s virtual summit organized recently. The event saw participation from over 53 countries.
SiBAN president Senator Ihenyen claimed that since Nigerian regulators, particularly the CBN, have not yet provided or implemented a regulatory framework on crypto assets, the CBN’s directive restricting financial institutions from facilitating crypto-related transactions hinders the work of law enforcement agencies regarding the investigation and prosecution of crypto-related crimes in the nation.
Lack of coordination among regulatory bodies Ihenyen added that regulatory bodies should work with crypto industry stakeholders so that proper...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...