THELOGICALINDIAN - A chief controlling with Nigerias axial coffer Adamu Lamtek has reportedly denied that his academy had placed restrictions on the use of cryptocurrencies Instead Lamtek who is the agent governor amenable for corporates casework at the Axial Coffer of Nigeria CBN says his organisations charge alone applies to the cyberbanking sector
Prohibition Only Applies to Banks
The remarks by Lamtek, who batten on account of the CBN governor Godwin Emefiele, chase the axial bank’s February 5, 2021, directive which banned banks from facilitating crypto-related transactions. Immediately afterward the announcement, banking institutions began to accede with the directive. Since again volumes on centralized crypto exchanges accept plunged while letters advance that volumes on associate to associate platforms are on the rise.
In the meantime, afore the latest advice from the CBN, rumours broadcast that authorities would anon clampdown on associate to associate trading like Binance’s P2P platform. However, Lamtek, who batten at a academy for the country’s accounts correspondents and business editors, antiseptic that the CBN charge did not in actuality ban cryptocurrency trading.
Meanwhile, afterwards the CBN ordered banks to stop facilitating crypto transactions, abounding leaders from Nigeria’s blockchain and fintech amplitude reacted by cogent their opposition. One of these leaders, Adedayo Adebajo, the Managing Director at Jelurida Africa DLT, tells Bitcoin.com News that afterwards all-encompassing deliberations, abounding were in favour of acclimation the industry rather than a absolute ban.
CBN Has No Power to Stop P2P Trading
As ahead appear by Bitcoin.com News, this CBN prohibition has been against by non-crypto parties that accommodate associates of the Nigerian Senate as able-bodied as the country’s Vice President, Yemi Osinbajo. Now, according to Adebajo, this latest CBN attitude on cryptocurrencies could able-bodied be a acknowledgment to the choir that are against to a complete ban. Adebajo said:
While the CBN is not in a position to stop peer-to-peer trading, Adebajo about believes this latest description to be “a way advanced one which we all achievement with connected accomplishment to adapt the industry, acceptance will be ample and fast.”
What do you accomplish of the CBN’s description that crypto trading is not banned? Tell us what you anticipate in the comments area below.
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