The Vice President's BOLD Message to CBN, SEC
From Nigeria's Vice President Yemi Osinbajo on how he sees the CBN ban of cryptocurrency and Bitcoin; “I fully appreciate the strong position of the CBN, SEC, and some of the anti-corruption agencies on the possible abuses of cryptocurrencies and their other well-articulated concerns, but I believe that their position should be the subject of further reflection.
“There is a role for regulation here. And it is in the place of both our monetary authorities and SEC to provide a robust regulatory regime that addresses these serious concerns without killing the goose that might lay the golden eggs. So it should be thoughtful and knowledge-based regulation not prohibition.
"The point I am making is that some of the exciting developments we see call for prudence and care in adopting them, but we must act with knowledge and not fear,”
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Thank you Mr. Vice President. Please dial Governor Godwin Emefiele and pass this message directly. Nigeria must offer choices to its young people. Coinbase, a leading crypto exchange is going public in New York which means the market and US SEC have blessed the sector!
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