Sequel to the setting up of an industry committee to look into (and articulate) a road map for Blockchain & Cryptocurrency regulation, the Central Bank of Nigeria (CBN) has reiterated that it will not hinder the use of digital currencies in Nigeria.
The apex bank, in a recent brief with industry experts, stated that an agreement has been reached to formally adopt its use in Nigeria.
A call to the Fintech Association of Nigeria confirms this and it is expected that a regulatory framework for same will be made available soonest.
Technology disruptions will continue to drive engagements in the financial sector and this feat by the Central Bank will go a long way in enhancing Fintech initiatives in the industry.
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