The Nigerian government has officially started online cryptocurrency trade to raise funds in the face of dwindling resources, a source in the Ministry of Finance told YeyeNews.com. “Federal Executive Council approved the measure at an emergency meeting in April. We made a profit of $5,000 worth of bitcoin in our last trading session. This may sound small but a cumulative result spread over period of time may bring in something substantial into our fast drying up national purse”, the source told YeyeNews.com.



“This is part of some innovative economic policies that President Buhari will be rolling out in the coming months”, a presidential spokesman told Yeyenews.com. When asked how the ban on cryptocurrency trade will affect the legality of this measure the spokesman said “the government cannot be affected by such. We can operate outside the ban because we made it in the first place”. He then added that “the nation is in an economic emergency which calls for extraordinary measures otherwise a catastrophic collapse may be imminent.”


Click below for full story........

https://yeyenews.com/desperate-for-cash-buhari-takes-nigeria-into-binance-for-cryptocurrency-trade/