CBN To Create Nigerian Bitcoin Says CBN Governor

CBN is set to create Nigerian bitcoin, CBN Governor has said.

Newsone reports that the governor of Central Bank of Nigeria (CBN), Godwin Emefiele has assured Nigerians that digital currencies will have a place in the country.

This online news platform understands that the CBN Governor made this assurance during the 279th MPR meeting held in Abuja, Nigeria’s capital.

CBN Governor 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.”

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

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The CBN Governor 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.”

The CBN governor after stating his concerns, 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.”