During the 279th MPR meeting held in Abuja, the CBN Governor, Godwin Emefiele assured Nigerians that digital currencies will have a place in the country.

 

CBN’s Emefiele 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.”

 

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

 

digital

Emefiele 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.”

 

 

After stating his concerns, the CBN governor 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.”

 

The CBN governor says most cryptocurrency transactions are illegitimate

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CBN Governor calls Crypto illegal money

Categories: Cryptos, Currencies, Spotlight

Tags: Bitcoin, CBN, Elon Musk, Godwin Emefiele

485 thoughts on “CBN Governor promises digital currency will come to Nigeria”
          1. Arise, o compatriots, Nigeria’s call obey to serve our fatherland with love and strength and faith the labour of our heroes past shall never be in vain to serve with heart and might one nation bound in freedom peace and unity. O God of creation direct our noble cause guide thou our leaders right

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        1. Arise, o compatriots, Nigeria’s call obey to serve our fatherland with love and strength and faith the labour of our heroes past shall never be in vain to serve with heart and might one nation bound in freedom peace and unity. O God of creation direct our noble cause guide thou our leaders right

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      1. If such will b available in Nigeria, it will b the best, as most Nigeria are involved into online businesses,in which most of it are illegal, it will b a good benefit in Nigeria

      1. Arise, o compatriots, Nigeria’s call obey to serve our fatherland with love and strength and faith the labour of our heroes past shall never be in vain to serve with heart and might one nation bound in freedom peace and unity. O God of creation direct our noble cause guide thou our leaders right

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    1. Arise, o compatriots, Nigeria’s call obey to serve our fatherland with love and strength and faith the labour of our heroes past shall never be in vain to serve with heart and might one nation bound in freedom peace and unity. O God of creation direct our noble cause guide thou our leaders right

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    2. My sister if u understand Nigeria u will know that anytime u hear such things just know that they’re looking for a way tO steel money from the country

  1. Please do conduct your investigations with careful effort, crypto currency helps the Nigerians to alleviate poverty especially the youths

      1. Arise, o compatriots, Nigeria’s call obey to serve our fatherland with love and strength and faith the labour of our heroes past shall never be in vain to serve with heart and might one nation bound in freedom peace and unity. O God of creation direct our noble cause guide thou our leaders right

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  3. Kabab…! This would be great, it’ll go a long way as well. Right now everyone is trying to make money, it will also boost the country’s economy farther, can’t wait for it 💕💞💞.

    1. Please do conduct your investigations with careful effort, crypto currency helps the Nigerians to alleviate poverty especially the youths

  4. Please do conduct your investigations with careful effort, crypto currency helps the Nigerians to alleviate poverty especially the youths

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    past shall
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    to serve
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    and might
    one nation
    bound in
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    peace and unity.
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    thou our
    leaders right

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