Di Central Financial institution of Nigeria don clarify why dem place restrictions on di use of cryptocurrencies for all banks wey dey di kontri.
For inside on assertion wey di Performing Ditrector , Company Communications Osita Nwanisobi signal on Sunday night, di Apex financial institution for Nigeria say dem don already forbid all industrial banks wey dey di kontri from buying and selling or transacting wit it since 2017.
Di CBN point out say some oda kontries like China, Canada, Taiwan, Indonesia, Algeria, Egypt, Morocco, Bolivia, Kyrgyzstan, Ecuador, Saudi Arabia, Jordan, Iran, Bangladesh, Nepal and Cambodia, don additionally ban cryptocurrenecy buying and selling sake of say dem match dey use am for financing terrorist, launder cash and do some kain unhealthy issues.
Di assertion additionally say dat di reality dat na unregulated and unlicensed entities dey problem cryptocurrenciees sef make am no dey in line wit di CBN mandates as dem write am fro inside di CBN Act (2007) as entity wey match problem authorized tender for Nigeria.
Di CBN say di title and nature of cryptocurrencies sef dey recommend dat di patrons and di customers prefer to dey conceal face and surprise why an entity go dey conceal face if di kain enterprise wey dem dey do dey authorized.
Di Apex financial institution for di kontri nevertheless guarantee say dia actions no be to have an effect on any technology-driven cost system or kind inimical to di improvement of FinTech.
Di CBN say di purpose why em make dia latest regulatory directive na to guard di monetary system and ever kontri pipo together with di youths from di dangers wey dey inside crypto property transactions.