The Abuja Chamber of Commerce and Industry (ACCI) has urged the Federal Government to set up a presidential task force on cryptocurrency adoption, citing increased adoption of cryptos in the global markets.
This was disclosed by Dr Almujtaba Abubakar, ACCI President, in a statement on Friday in Abuja. He suggested that the FG should propose a plan which would enable cryptocurrency to be used in Nigeria’s financial markets.
“The commission should propose a plan of action for phased usage of the technological currency within the Nigerian financial system,” he said.
“We suggest that members of the commission should be drawn from the Central Bank of Nigeria (CBN), Nigerian Stock Exchange, banking /financial Institutions, bitcoin community, digital currency experts and relevant MDAs and organised private sector.
It is our considered view that such a commission will have all facts on the table and will be able to chart a sustainable path forward for Nigeria,” he added.
The ACCI cited Vice President, Osinbajo’s views on cryptocurrency being a global phenomenon that nations must address rather than run away from.
“The policy lacuna impresses on the administration to consider possible options to prepare the nation to cope with the positive and negative fallouts of this new financial technology,” the ACCI boss added.
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Nairametrics reported that the Securities and Exchange Commission (SEC) had revealed that it was working with the Central Bank of Nigeria for a better understanding and regulation of cryptocurrencies in the country.
Great suggestion !!
crptpcurrencies or not,maybe to be or not to be,the major problem with crptocurrencies in nigeria IS THAT NIGERIAN REGULATING AUTHORITIES CANNOT AND WILL NOT INTERVENE OR YOUR RIGHT RESTORED OR DENIED,IF INFRINGED OR DEFRAUDED.i donot knows why nairametric staff are not informing their reader,this is the major reason,why the govt are clapping down,the govt’s SEC HAVE SAID EVERYTHING,THEY DO NOT ALLOWS NIGERIAN BROKER TO USES NIGERIAN PUBLIC TO INVEST ABROAD FROM NIGERIA.HOWEVER YOU CAN STILL INVEST IN CRYPTOCURRENCIES AT YOUR RISK,BY USING SOME FOREIGN BROKER,REGULATED ABROAD AND REGISTERED ABROAD
if nairametric staff do a little research,there are some foreign bank or brokers,operating in nigeria or with a branch in nigeria,licenced by nigerian govt, like saxo bank or ironforex.they can allows you to trade from nigeria,through their branch in nigeria,i am writing from memory and i could be out of date with facts.