Nigeria justifies war on cryptocurrencies, takes tougher actions

Bitcoin

This file photo taken on November 20, 2017 shows gold plated souvenir Bitcoin coins arranged for a photograph in London. 

Photo credit: Justin Tallis | AFP

What you need to know:

  • The bank on Sunday explained that many other countries, investors and economists have warned against cryptocurrencies because of the “significant risks” in transactions.
  • Cryptocurrencies, it said, are issued by unregulated and unlicensed entities and are therefore against CBN Act (2007).

Abuja,

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