CBN Set To Create Nigerian Bitcoin Wallet Says Godwin Emefiele

Must Read

- Advertisement -

The Central Bank of Nigeria (CBN) is making plans to create Nigerian bitcoin say CBN Governor, Godwin Emefiele.

Brand Spur Nigeria learnt that the CBN governor announced this at the 279th MPR meeting held in Abuja, Nigeria’s capital, assured Nigerians that digital currencies will have a place in the country.

CBN Governor said, “We have carried out our investigation and we found out that a substantial percentage of our people are getting involved in cryptocurrency which is not the best. Don’t get me wrong, some may be legitimate but most are illegitimate.”

“Nigeria comes 2nd under cryptocurrency and Bitcoin, while in the global side of the economy, Nigeria comes 27th. We are still conducting our investigation and we will make our data available.”

- Advertisement -

The CBN Governor also voiced his concerns surrounding digital assets using the CEO of Tesla, Elon Musk’s uncertainty as an example.

“We saw the market collapse. Initially, when Elon Musk tweeted around the time when we said our banking and payment facilities are no longer available for cryptocurrency transactions and he tweeted that he will invest $1.5 billion and the price (Bitcoin) went up. He now tweeted and raised a few concerns and the thing (Cryptocurrency) plunged.”

Read Also:  UNCTAD - Impact Of The COVID-19 Pandemic On Global FDI And Global Value Chains

The CBN governor after stating his concerns went on to say, “We are committed in the CBN and I can assure everybody that digital currency will come to life even in Nigeria.”

- Advertisement -
spot_imgspot_img
- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest News

EQUAL Music Program: Spotify Announces Another Female Rapper, Ssaru-Brand Spur Nigeria

EQUAL Music Program: Spotify Announces Another Female Rapper, Ssaru

Spotify has introduced Sylvia Saru, popularly known as Ssaru, as the latest artist to join its EQUAL Music Program. EQUAL is Spotify’s global initiative to cultivate gender equality in...
- Advertisement -
spot_imgspot_img

Latest News

EQUAL Music Program: Spotify Announces Another Female Rapper, Ssaru

Spotify has introduced Sylvia Saru, popularly known as Ssaru, as the latest artist to join its EQUAL Music Program. EQUAL is Spotify’s global initiative...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -spot_imgspot_img