The Vice President of Nigeria, Prof. Yemi Osinbajo has disagreed with the Central Bank of Nigeria’s decision to ban Bitcoin and other cryptocurrencies.
Osinbajo called for a regulation of the industry instead of an outright ban.
Osinbajo also advised the SEC, and Central Bank of Nigeria to create a regulatory road map, while fully appreciating the stance of the CBN, Nigerian SEC, and law enforcement agencies on the possible abuses of crypto assets.
He also called for scaling up of governmentt-private sector interventions because, “the task of national development requires that we fire on all cylinders, after all at one stage China was building 1.9m housing units per year.”
Watch video below:
VP calls for robust regulation of cryptocurrency, not prohibition. He also calls for scaling up of govt/private sector interventions because "the task of national devp. requires that we fire on all cylinders, afterall at one stage China was building 1.9m housing units per year." pic.twitter.com/IDdg7NDi9i
— Laolu Akande (@akandeoj) February 26, 2021