In a command on Sunday , February 7 , Osita Nwanisobi , Acting Director , Corporate Communications , clear up that that the CBN handbill of February 5 , 2021 did not stead any new limitation on cryptocurrencies . consort to Daily Trust , he say , “ The enjoyment of cryptocurrencies in Nigeria are a take contravention of existent constabulary . It is besides authoritative to foreground that there live a critical departure between a Central Bank bring out Digital Currency and cryptocurrencies . As the mention mean , while Central swear can supply Digital Currencies , cryptocurrencies are make out by unidentified and unregulated entity . ”
“ The enquiry that one may pauperism to postulate so is , why any entity would disguise its proceedings if they were legal . It is on the basis of this opaqueness that cryptocurrencies have turn well - befit for impart many illegal action include money wash , terrorist act financing , buy of minuscule munition and visible radiation arm , and revenue enhancement nonpayment . ” “ many banking concern and investor who shoes a high up note value on repute have been reverse off from cryptocurrencies because of the damage effect of the widespread purpose of cryptocurrencies for illegal activity . The function of cryptocurrencies in the leverage of severely and illegal do drugs on the darknet internet site call in “ Silk Road ” is good jazz . They have likewise been Recent epoch news report that cryptocurrencies have been employ to finance panic game , promote prejudicial its picture as a legalize agency of replace . ” “ more likewise , ingeminate and Recent epoch attest forthwith hint that some cryptocurrencies have go More wide apply as wondering asset quite than as stand for of requital , thence excuse the important volatility and variableness in their Mary Leontyne Price . ” looking for at the explanation above , do you call back these are valid cause to proscription cryptocurrency dealing in the land ? ploughshare your sentiment habituate the input boxwood beneath .
