Money
Recently, the financial market was rattled to its core, when the Central Bank of Nigeria (CBN) banned the cryptocurrency and shut down all its exchanges. Prohibiting its use in banks and other financial institutions, the apex bank effectively shut the door against access to the digital currency in Nigeria. However, coming at a point when so much pressure is on the country currently, in terms of insecurity and citizens cry against bad governance, some conspiracy theorists believe the decision may have some political undertone. But then, the anonymity value of the digital asset, may actually be the Achilles heel of the cryptocurrency, because that is a major minus the CBN holds on to in defence of its decision. Following interventions by the National Assembly and other voices of reason, discussions and consultations are ongoing to find ways to stir a middle course on the matter. Like a cherry on the cake of support for the blockchain business, Vice President Yemi Osinbajo’s st
Cryptocurrency: CBN should float sovereign digital currency —Expert - vanguardngr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vanguardngr.com Daily Mail and Mail on Sunday newspapers.