IMF Supports CBN Decision To Ban Crypto.

Paying Social Media Jobs
Social sharing


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.

READ ALSO  Tribunal Sacks Abia Lawmaker, Orders INEC To Conduct Rerun

Be the first to comment

Leave your comment

Paying Social Media Jobs
Paying Social Media Jobs
Paying Social Media Jobs