The CBN Governor, Godwin Emefiele has arrived at the National Assembly to honour the invitation by the Senate Joint Committee on Banking Insurance and other financial institutions, to brief on the opportunities and threats of cryptocurrency on Nigeria conomy.
The decision by the Senate to invite the CBN governor is sequel to a motion moved by Senator Istifanus Gyang during plenary on February 11, on the CBN’s directive to stop financial institutions from transactions in cryptocurrencies.
The federal lawmakers called for caution, pointing out that while cryptocurrency has its negative sides and it has become the fastest-growing form of transaction in the world.
They argued that technology has changed the way business is conducted in Nigeria and the country cannot shy away away from cryptocurrency.
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