IMF Backs CBN, Cautions against Cryptocurrency Transactions
By Obinna Chima The International Monetary Fund (IMF) has cautioned against transacting in cryptocurrency, saying regulating the digital currency remains a concern not just to the Central Bank of Nigeria (CBN) but to other regulators across the world. The IMF Resident Representative for Nigeria, Mr. Ari Aisen, said this during a virtual media briefing on the Fund’s Article IV on Nigeria that was released last week. The CBN recently directed banks and other financial institutions to close accounts dealing in cryptocurrency or facilitating payment for cryptocurrency exchange, with immediate e...
Source: thisdaylive.com