'Cryptocurrency is not legitimate money,' says Nigeria's central bank governor By Cointelegraph

'Cryptocurrency is not legitimate money,' says Nigeria's central bank governor

CryptocurrencyFeb 24, 2021 11:20AM ET

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'Cryptocurrency is not legitimate money,' says Nigeria's central bank governor

Godwin Emefiele, governor of the Central Bank of Nigeria, has defended the apex bank’s decision to ban banks from servicing cryptocurrency exchanges in the country.

Appearing before a joint Senate Committee on Banking, Insurance and Other Financial Institutions; ICT and Cybercrime; and Capital Market, Emefiele remarked that the CBN ban was in the best interest of Nigerians.

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Comments (2)

Silviu Gresoi Feb 24, 2021 11:39AM ET

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Stop writting negativ news! Who is Nigeria????

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Amit Patel Feb 24, 2021 11:33AM ET

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Stop your citizens from scamming people.

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'Cryptocurrency is not legitimate money,' says Nigeria's central bank governor

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