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CBN Did Not Ban Cryptocurrency But Protect Banking Sector

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[Image: CBN.jpg]

Central Bank of Nigeria (CBN) said that the apex bank of Nigeria did not for once banned the activities of Cryptocurrency in the Country.

Godwin Emefiele, Governor, Central Bank of Nigeria disclosed this in Abuja today during 30th Seminar Organized by CBN for Finance Correspondent and Business Editors.

Emefiele who was represented by Adamu Lamtek, Deputy Governor, Corporate Services said the Bank only protect the banking sector from the activities of cryptocurrency and not a ban of activities on it.

"CBN did not place restrictions from use of Cryptocurrency and we are not discouraging people from trading in it. What we have just done was to prohibit transaction on Cryptocurrency in the banking sector".

    CBN Did Not Ban Cryptocurrency But Protect Banking Sector
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