Cryptocurrency has no place in our monetary system at this time – CBN governor, Godwin Emefiele tells Senate

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The Central Bank of Nigeria is maintaining its stand on the ban on Cryptocurrency.   The governor of the apex bank, Godwin Emefiele, who appeared before the Senate Joint Committee on Banking, Insurance, and other financial institutions on Tuesday, February 23, said that money laundering, terrorism financing, and other criminal activities were being carried out using the digital currency.   Describing the operations of cryptocurrencies as dangerous and opaque, the CBN Governor said the use of cryptocurrency contravened an existing law. He said given the fact that cryptocurrencies were issued…

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