By Chris Njoku
Prof. Yemi Osinbajo, the Vice President of Nigeria, has disagreed with the Central Bank of Nigeria’s decision to ban Bitcoin and other cryptocurrencies. He rather 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
