IMF SUPPORTS CBN DECISION TO BAN CRYPTO
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The International Monetary Fund (IMF) has backed the Central Bank of Nigeria’s decision directing banks to desist from carrying out transactions with entities dealing in cryptocurrencies.
The IMF Resident Representative for Nigeria, Mr Ari Aisen, during a special virtual press briefing on the recently published 2020 Article IV IMF Staff Report for Nigeria, said that the use of cryptocurrencies for illegal transactions such as money laundering and drugs was a global concern.
Mr Aisien added that many central banks in the world have taken similar policy decisions like CBN to combat money laundering.
THE ROTTEN FISH: CAN OF WORMS OPENED OF APC & TINUBU'S GOVERNMENT OVER NIGERIA'S ECONOMIC DOWNTURN
WATCH THE CRITICAL ANALYSIS AND KNOW THE RESPONSIBLE PARTIES TO BLAME FOR NIGERIA'S ECONOMIC CHALLENGES, WHILE CITIZENS ENDURE SEVERE HARDSHIPS.Watch this episode of ISSUES IN THE NEWS on 9News Nigeria featuring Peter Obi's Special Adviser, Dr Katch Ononuju, 9News Nigeria Publisher, Obinna Ejianya and Tinubu Support Group Leader, McHezekiah Eherechi
The economic crisis and hardship in Nigeria are parts of the discussion.
Watch, leave your comments, and share to create more awareness on this issue.
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