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Osinbajo Disagrees With CBN On Cryptocurrency Ban, Calls For Regulation (Video)

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Nigeria’s Vice President, Prof. Yemi Osinbajo has expressed disagreement with the decision of the Central Bank of Nigeria (CBN) to ban cryptocurrency in the country. 

Osinbajo Disagrees With CBN On Cryptocurrency Ban, Calls For Regulation

Osinbajo called for a regulation of the industry instead of an outright ban. 

Osinbajo also advised the SEC, and Central Bank of Nigeria to create a regulatory road map, while fully appreciating the stance of the CBN, Nigerian SEC, and law enforcement agencies on the possible abuses of crypto assets. 

He also called for scaling up of government-private sector interventions because, “the task of national development requires that we fire on all cylinders, after all at one stage China was building 1.9m housing units per year.” 

Watch the video below: 

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