Many Nigerians Have Embraced Crypto- Governor Emefiele

Governor Emefiele Says that Many Nigerians Have Embraced Crypto.

Meanwhile, a report quotes the governor expressing his displeasure at the fact that many Nigerians have embraced cryptocurrencies. He said:

Crypto

We have carried out our investigation and we noticed that a substantial percentage of our citizens are getting involved in cryptocurrency which is not supposed to be. Don’t get me wrong, some may be legitimate but most of these coin are illegitimate.

READ: AGRICHAINX: Rebuilding Agriculture in Africa Through Blockchain Technology

As several reports have shown, the Central Bank of Nigeria’s February 6th directive to all Nigerian banks appears to have failed in its objective. Nigerian interest in cryptocurrencies and other emerging fintech continues to grow gradually.

CBN Governor

For instance, there are speculated news recently reported that peer-to-peer cryptocurrency trade volumes in the Nigeria had surged while interest in bitcoin (BTC) remains one of the highest in Africa.

Crypto Market Volatility

In the meantime, the CBN  o sGov. Emefiele following the events in the global ups and downs of the crypto industry, attempts to use Elon Musk’s changing views on BTC to highlight the crypto market’s vulnerabilities.

READ: This is What You Gain When You Soak Bitter Kola in Bitter Lemon For 3Days

In the past few weeks, Musk has made a series of comments about BTC as well the crypto market in general and this has caused crypto prices to fall. Emefiele explained:

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) plunge.

Meanwhile, despite revealing the CBN’s commitment to creating a digital currency, Emefiele, however, fails to offer a time framework within which this is expected to come to life.

READ: How To Make Money From MTN Data Subscription And Browse For Free

What are your views on Emefiele’s revelation that Nigeria will have its digital currency?

Tell us what you think in the comment section below.

How To Make Money Online in Nigeria

Digital Nation: An Online Platform That Fetch You 100% of Your Capital Monthly

READ: How To Make Money On E-commerce Amazon

AGRICHAINX: Rebuilding Agriculture in Africa Through Blockchain Technology

Nairablinkhttps://nairablink.com
This is to welcome all our readers and fans to Nairablink's Blog where we shall be providing you with the latest online business and entertainment gist/news updates. The CEO of Nairablink is a graduate of Economics at Ekiti State University, a comedian, blogger and entrepreneur. Our aim is to provide you with a paying site review and. mind you, I am not in anyway related to the owners of the earning sites you see on this page. So, Do Not Invest What You Can Not Afford To Lose. After reading the review its your choice to decide either to invest or not. But be wise, online business is 50/50. Thanks for reading... I am Adebajo Williams For Sponsors and Adverts Contact: Tel: +2347037477278 Address: 57, Ijebu-Ode Road, Poka Epe, Lagos Nigeria. Email: [email protected]
RELATED ARTICLES

Dmining.top: How to Make Money Online Using TRX Tron Network With Little Capital

My aim and objectives is to provide a long time paying trx platform to my people. And with this Dmining.top you are going to...

TRX Update: Top 2 Tron Update With Highest Daily Return

There are several TRX update that promise to pay you a certain percentage of your first deposit everyday but not all the updates are...

Yahoo Update: Chase to BTC 2022 Tutorial – Requirements

CHASE TO BTC 2022 TUTORIALS REQUIREMENTS: CHASE LOG US COINBASE TRUTHFINDER/FACEBOOK OR INSTAGRAM) FAKE ID CARD OF LOG OWNER Get a Chase bank Log with email...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Dmining.top: How to Make Money Online Using TRX Tron Network With Little Capital

My aim and objectives is to provide a long time paying trx platform to my people. And with this Dmining.top you are going to...

TRX Update: Top 2 Tron Update With Highest Daily Return

There are several TRX update that promise to pay you a certain percentage of your first deposit everyday but not all the updates are...

Yahoo Update: Chase to BTC 2022 Tutorial – Requirements

CHASE TO BTC 2022 TUTORIALS REQUIREMENTS: CHASE LOG US COINBASE TRUTHFINDER/FACEBOOK OR INSTAGRAM) FAKE ID CARD OF LOG OWNER Get a Chase bank Log with email...

Cala: Agent Reward Testimony From Cala Technology to Mr Clement Uduakabong

ANOTHER SURPRISING AGENT REWARD TESTIMONY FROM CALA TECHNOLOGY TO MR. CLEMENT UDUAKOBONG Date: Sunday, 18th September 2022 Time: 10:22PM Through my good efforts and diligent, I was...

Recent Comments