Find us on Facebook

- Advertisement -
FeaturedNews

Cryptocurrency Ban – VP Osinbajo Speaks Against Ban On Cryptocurrency

Cryptocurrency Ban - VP Osinbajo Speaks Against Ban On Cryptocurrency

Cryptocurrency Ban – Vice President Yemi Osinbajo has called for the regulation of cryptocurrencies in the country instead of the ban placed on it by the Central Bank of Nigeria CBN,

Osinbajo made the call when he spoke at the Bankers Committee Vanguard in Lagos State today February 26.

He shared a video of his speech via his Instagram handle, with the caption;

“First is that there is no question that blockchain technology generally and cryptocurrencies in particular will in the coming years challenge traditional banking, including reserve banking, in ways that we cannot yet imagine so we need to be prepared for that seismic shift.

Clearly the future of money and finance, especially for traditional banking, must be as exciting as it is frightening. But as we have seen in many other sectors disruption makes room for efficiency and progress.

Secondly, I fully appreciate the strong position of the CBN, SEC and some of the anti corruption agencies on the possible abuses of crypto currencies and their other well articulated concerns, but I believe that their position should be the subject of further reflection.

There is a role for regulation here. And it is in the place of both our monetary authorities and SEC to provide a robust regulatory regime that addresses these serious concerns without killing the goose that might lay the golden eggs.

Highlights of my keynote remarks this morning at the CBN/Bankers Committee’s Initiative for Economic Growth.”

1 Comment

  1. This is to inform the general public that individuals can order Dan-gote3xCement directly from the factory at a promo price of 1800 Naira per bag and RICE for 15,000 naira per bag. Transportation and offloading is 300 Naira,minimum for purchase is from 100 bags and above. kindly contact Dangote Group Marketing Manager Alhaji Jubril Abubakar ON O 7 0 1 66 O 7 0 6 O for booking and delivery. Note-Delivery takes two days and it’s nationwide.When Strength matters,Choose 3X.Also order your foreign used heavy equipment(DREDGER,EXCAVATOR,HEAVY DUTY TRUCK AND CONCRETE MIXER ) at the best prices and with a high performance quality.PLEASE TELL OTHERS ABOUT THIS WINDOW OF OPPORTUNITY.

Leave a Response