Why Nigeria and Kenya are slowly embracing crypto regulations
Three years ago, the Central Bank of Nigeria (CBN) banned commercial banks from conducting cryptocurrency transactions. Godwin Emefiele, the CBN governor at the time, said, “…a continuation of these opaque activities significantly threatens the safety and soundness of our financial system,” in an appearance before Nigeria’s Senate. This move wasn’t inconsequential. Even though Nigerians leveraged […]
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