Nigerian Presidential Hopeful Says He Supports Digital Currencies but Wants the Industry Regulated – News Bitcoin News

Nigerian Presidential Hopeful Says He Supports Digital Currencies but Wants the Industry Regulated

Nigerian presidential hopeful, Bukola Saraki, recently said he supports the digital currency industry which he claimed has created opportunities for the country’s youth. However, he insisted that there is a need for the enactment of laws that guide players in this space.One of Nigeria’s presidential aspirants, Bukola Saraki, was recently quoted saying he supports digital currencies and that he does not think they will wreck the economy.

I also think it has helped especially the young generation in creating jobs and opportunities. And anything that creates jobs and an enabling environment for people to do their businesses, I am in support of that. So, yes, I am in support of that. Saraki reiterated, however, that money laundering and abuse concerns that regulators often raise including the Central Bank of Nigeria must be addressed.by Bitcoin.com News, the Nigerian central bank has since February 5, 2021, required financial institutions to block crypto-related transactions. The bank insists that privately issued cryptocurrencies like bitcoin have no place in Nigeria’s conventional financial system.

However, despite the CBN’s directive to financial institutions and its subsequent crackdown against errant institutions, Nigerian interest in digital currencies has not waned as

Source: News Formal (newsformal.com)

Good for them.

But there are a lot of crypto scammers in Nigeria, we should pay more attention

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nigerian Presidential Hopeful Says He Supports Digital Currencies but Wants the Industry Regulated – News Bitcoin NewsBukola Saraki reiterated, however, that money laundering and abuse concerns that regulators often raise including the Central Bank of Nigeria (CBN) must be addressed. cbn cryptocurrencies Btc pump coming I personally prefer NOT to be 'guided in the crypto space'. I'm a free adult, so let me invest freely and deal with the rewards and the failures without any nanny state intervention.
Source: BTCTN - 🏆 531. / 51 Read more »

NY Daily News - We are currently unavailable in your region
Source: NYDailyNews - 🏆 551. / 51 Read more »

NY Daily News - We are currently unavailable in your regionRIP Bo
Source: NYDailyNews - 🏆 551. / 51 Read more »

Parenting, Baby Names, Celebrities, and Royal News | CafeMom.com
Source: CafeMom - 🏆 701. / 51 Read more »

Russia Considers Using Cryptocurrencies for International Settlements – Bitcoin NewsAuthorities in Russia are mulling over the possible use of digital currencies for international payments, finance ministry official reveals. I am buying every dip of $PKR an asset with a chance to earn big through staking with a good APY. The project has got huge potential and opportunities. It is the best online Play To Earn NFT Game, PKR will do a 100x soon with more projects developing on it. polkertothemoon Russia is really smart and will use the crypto market to dodge sanctions $PAW PAW pride 🐾
Source: BTCTN - 🏆 531. / 51 Read more »