The Vice President of Nigeria, Prof. Yemi Osinbajo has recently called for Crypto regulation knowing fully well the role Crypto plays in the global financial ecosystem as he opined that such disruption often makes room for progress..
Osinbajo also advised the SEC, and Central Bank of Nigeria in creating 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.
The vice president further stressed the importance Cryptocurrencies would play in the coming years as they will most likely challenge traditional banking, including reserve banking, in ways the world hasn’t yet imagine, stressing the need for Nigeria in being prepared for such a seismic shift.
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 year.”
Cryptocurrencies in the coming years will challenge traditional banking, including reserve banking, in ways that we cannot yet imagine, so we need to be prepared for that seismic shift. pic.twitter.com/tbIR8eah2s— Prof Yemi Osinbajo (@ProfOsinbajo) February 26, 2021
#Dogecoin is soaring, near $.10 for the first time ever
Chelsea & PSG through to UCL semi-finals
Hilarious! Jackie Chan explains how his son changed after he went to the US (Video)
Another Nigerian Soldier Fighting Boko Haram Commits Suicide In Borno
“Marry him if he Releases and his Banana still Stand”, E Get Reasons – Lady Advises (Video below)
ODUDUWA REPUBLIC: Nigerian Prophet Finally Speaks On What Will Happen To Sunday Ighoho And Nigeria (Details below)
SO SAD: Angry Wife bites Husband to Death (Details below)
Here Is The Young Couple Goal Video Trending Number 1 On Twitter (Video below)
- Celebrity Gossip & Gist1 day ago
Throwback And Recent Pictures Of Ada Jesus And Things To Learn From Her Mistakes (Details below)
- News1 day ago
God is not happy with Buhari, political and religious leaders – Jehovah Sharp Sharp pastor carries coffin on his head to protest against bad governance (Details below)
- Celebrity Gossip & Gist2 days ago
Asaba-Based Native Doctor, Chi Marine Begs Prophet Odumeje To Forgive Comedienne, Ada Jesus (Video below)
- News1 day ago
UNBELIEVABLE: This is Why We Sleep With Each Other in Nollywood – Jide Kosoko reveals (Details below)