Cryptocurrency groups in Nigeria are preparing to take on the country s central bank, as both sides dig in over a controversial regulatory decision to limit crypto use and trade in the populous West African nation.
The Blockchain Industry Coordinating Committee of Nigeria (BICCoN), released a press statement, condemning the recent ‘overreach’ of the Central Bank of
Nigeria should not lose the cryptocurrency opportunity – SIBAN
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Obinna Iwuno, the Executive Secretary of the Stakeholders in Blockchain Technology Association of Nigeria (SIBAN) speaks on cryptocurrency as the currency of the digital economy and urges the Federal Government to collaborate with stakeholders to develop the nascent cryptocurrency industry.
Giving the global growth of emerging technologies, some people have argued that cryptocurrency would be the future currency worldwide. What is your take on this?
The argument of Cryptocurrency becoming the future currency of the world, is not in any way stating that Cryptocurrency will replace the fiat currencies of the world. But Cryptocurrency has ushered in a new form in which money can exist and be transacted; which is better, faster, cheaper, and cost-effective to produce even for the government.
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