H

Another episode of the same drama.

I believe Binance was proscribed under Mr Buhari or am I wrong.

If they're operating illegally here, the 2 and any other persons working for Binance in this country should be investigated and charged if their actions constitute an offence under the law of thos land.

Absolutely no exemption from charges for any foreigner amongst them.

H

When I was hammering the fact that Emefiele understood the Nigerian economy better and tried in arresting the shocks of Recession and COVID-19 many thought it was a mere assumption. Everything Emefiele did if sustained would have prevented the fall of Naira even after removal of subsidy. The cashless policy remains a very important strategy that must be implemented as soon as possible to end insecurity and inflation.

https://www.premiumtimesng.com/business/business-news/653606-cbn-lifts-ban-on-cryptocurrency-transactions.html

Premium Times Nigeria

CBN Governor, Olayemi Cardoso


CBN lifts ban on cryptocurrency transactions
Ex-CBN Governor, Godwin Emefiele, had announced restriction on cryptocurrency transactions due to the money laundering and terrorism risks they posed.
ByAgency Report December 23, 2023 Reading Time: 1 min read
The Central Bank of Nigeria (CBN) has lifted the ban it imposed two years ago on cryptocurrency transactions in the Nigerian banking system.

The CBN announced the reversal of the policy in a circular by Haruna Mustapha, its director in charge of financial policy and regulation.

Mr Mustapha said the apex bank would now provide regulations for financial institutions on how to manage cryptocurrency to avoid misuse.

The News Agency of Nigeria (NAN) recalls that the CBN issued a circular in February 2021 restricting banks and other financial institutions from operating accounts for cryptocurrency service providers.

FIRS
The then CBN Governor, Godwin Emefiele, had announced that the restriction was necessary in view of the money laundering and terrorism financing risks posed by cryptocurrency.

Mr Emefiele also said the vulnerability inherent in cryptocurrency operations, as well as the absence of regulation and consumer protection measures were also responsible for the policy.

According to Mr Mustapha, current global trends have shown that there is need to regulate the activities of Virtual Assets Service Providers (VASPs) which include cryptocurrencies and crypto assets.

I wonder what made Cardoso lift the ban in the first place

DeLaRue:
I believe Binance was proscribed under Mr Buhari or am I wrong.

If they're operating illegally here, the 2 and any other persons working for Binance in this country should be investigated and charged if their actions constitute an offence under the law of thos land.

Absolutely no exemption from charges for any foreigner amongst them.

The ban was lifted by Tinubu government to the joy of the ignorants.