Vice President Yemi Osinbajo has called for the regulation of cryptocurrencies in the country instead of the ban placed on it by the Central Bank of Nigeria CBN, IgbereTV reports.

Osinbajo made the call when he spoke at the Bankers Committee Vanguard in Lagos State today February 26.

He shared a video of his speech via his Instagram handle, with the caption;

"First is that there is no question that blockchain technology generally and cryptocurrencies in particular will in the coming years challenge traditional banking, including reserve banking, in ways that we cannot yet imagine so we need to be prepared for that seismic shift.

Clearly the future of money and finance, especially for traditional banking, must be as exciting as it is frightening. But as we have seen in many other sectors disruption makes room for efficiency and progress.

Secondly, I fully appreciate the strong position of the CBN, SEC and some of the anti corruption agencies on the possible abuses of crypto currencies 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.

Highlights of my keynote remarks this morning at the CBN/Bankers Committee’s Initiative for Economic Growth."

https://www.instagram.com/p/CLwbjgKAajX/?utm_source=ig_web_copy_link

See video below.


https://www.youtube.com/watch?v=OyIhsHIBqcQ

The CBN on February 5 announced the ban on cryptocurrencies. The apex bank alleged that the digital currency was being used to fund criminal activities like kidnapping, terrorism, and others.

https://igberetvnews.com/1383727/vp-osinbajo-speaks-ban-cryptocurrency-video/

Finally he speaks!

Although, his words were carefully chosen so as not to offend any side.

This man suppose get sense on a normal day... But always too scared to speak his mind.

Damnnn niggarrrr
This mere house boy in aso rock go dey foam activities
Fake star boy..
The only star boy we know is wizkid and the weeknd
If them like make them ban am..
We go dey run our normal ptpt
If you are niggarrrr and you understand ptpt then you must be a real niggarr ...

You all quoting me to insult me....continue.....ain't scared
Because am a real niggarr

VanessaKokomama:
peer 2 peer

That is my baby girl...your boyfriend must be a real niggarr..if not that your boy friend is a real niggarr...I would have suggest we hang out.....but you know real niggarrrrs don't hangout with the girlfriend of other real niggarrrrs...if not your boyfriend might pull the trigger....and I have to retaliate or rather reciprocate by pulling my own trigger....with that the hood will no longer be safe for anybody....including you the baby girl we are fighting over

What a confused lot!

Hasn't this government heard about "unity of purpose" and "being on the same page" before?

It's usually achieved by gathering for discussion (meetings) with the experts giving them information on the subject (briefs and presentations) before they agree on a decision.

Den go school at all?

Oh yeah.......this one's a professor.

OK sir

EmptyGarden:
This man suppose get sense on a normal day... But always too scared to speak his mind.

I sincerely don’t blame him for being too scared to speak

This man sits every day with the most Devilish politician Africa has ever known

If he dares to speak EFCC , DSS ,Nigeria Army, Nigeria Navy, Nigeria Air Force, Amotekun , ESN

All will go after him , the next second

Sender: Mannequin from Sudan

To be honest with you I feel the man is brave to last this long in the camp of that Animal in Human skin


I HOPE I MADE SENSE

Hmmm

expect wicked taxation

He is not speaking against sh*t I swear... he was sent to come sympathize with the people... where was he when the decision was been made?! why hasn’t he spoken against it before now?! Is Godwin Emefiele outta his reach?!

This government is something else, if Buhari is not in shock, it is Osinbanjo that is speaking against or sympathizing...

We are tired already

I don't know what to say about this issue, because even VP Osinbajo spoke from both sides of his Amala and Ewedu eating mouth, ,I know he is afraid to say what's up,even though cryptocurrency is being used funding and making payments for illegal stuffs.

But if they are actually thinking that they are trying t reduce the inflow of cash by yahoo boys from their clients in Western Countries,, that's more like trying to block a flowing water, particularly a river, it'll diverse a means. And for sure, even before they thought of doing that, niggarz have already diverted a means already .

CBN Governor need to learn from this man

E Go Be

bukxy is typing.......

benjackugo:
Vice President Yemi Osinbajo has called for the regulation of cryptocurrencies in the country instead of the ban placed on it by the Central Bank of Nigeria CBN, IgbereTV reports.

Osinbajo made the call when he spoke at the Bankers Committee Vanguard in Lagos State today February 26.

He shared a video of his speech via his Instagram handle, with the caption;


https://www.instagram.com/p/CLwbjgKAajX/?utm_source=ig_web_copy_link

See video below.


https://www.youtube.com/watch?v=OyIhsHIBqcQ

The CBN on February 5 announced the ban on cryptocurrencies. The apex bank alleged that the digital currency was being used to fund criminal activities like kidnapping, terrorism, and others.

https://igberetvnews.com/1383727/vp-osinbajo-speaks-ban-cryptocurrency-video/

Hope cow man Adamu is aware of it.

I still believe that Osinbajo will make a good president. We just need someone with common sense.

Seems baba is a crypto trader

Very unusual to see baba opposing govt policies except the ones affecting him directly...

A Nigga boutta comment daaammm niggaarrrr! Lol

mariahAngel:
Finally he speaks!

Although, his words were carefully chosen so as not to offend any side.

At least he spoke on Cryptos.

Does Buhari.even know what that is?

Sure he speaks on insecurity, cattle, Fulani etc.... Promising what he certainly has no idea of... Even ordinary corruption he can't fight!

If Osinbajo were President, no one will ever come up with silly anti- economic rubbish such as most of his appointed people have been doing..

Just rolling out rules that have continued to cripple the economy and frustrate hardworking people

slawormiir:
Damnnn niggarrrr

This mere house boy in aso rock go dey foam activities
Fake star boy..
The only star boy we know is wizkid and the weeknd

If them like make them ban am..
We go dey run our normal ptpt
If you are niggarrrr and you understand ptpt then you must be a real niggarr ...

You all quoting me to insult me....continue.....ain't scared
Because am a real niggarr

Who your Papa be?

If your father had done the type of houseboy the Prof did.....you for nor dey live useless life ontop Yahoo-yahoo, weed and Ashana.

I guess your own father wey no be house boy...did a good job and passed-on his handi-work to you? Scamming?

Endoend:
See his head
Tell ur Oga the wrath of God will soon visit him

Which rat be that??

A very sensible man.

slawormiir:
Damnnn niggarrrr
This mere house boy in aso go dey foam activities
Fake star boy..
The only star boy we know is wizkid and the weeknd
If them like make them ban am

Daaammnn nigggaaarrr

Audio vp

Succint and sensible. A lawyer tutoring an economist on how to respond to economic matters.

People like Emefiele are hellbent on taking Nigeria into the doldrums.

Hope CBN also asked Warren Buffet what he thinks about our dual exchange rate they use to enrich themselves or giving forex at a subsidised rate to those going on pilgrimage... Bunch of jokers.. Easily the worst CBN president this country has seen

Diplomatic as usual