ICYMI: CBN anti-cryptocurrency policy threatens jobs, experts warn
Tobi Aworinde
Following the Central Bank of Nigeria directive to banks and other financial institutions on Friday ordering the closure of all accounts operating cryptocurrency exchanges, some experts in cryptocurrency trading have raised the alarm over its economic impact.
The Blockchain Solutions Architect, Mr Charles OkaforMbah, in an interview with
Sunday PUNCH, noted that crypto trading is divided into formal and informal exchanges.
“There are the formal exchanges, like Binance, which is the most popular; and Patricia. We have some other players, like BuyCoins and Bundle Africa. If we put (together) the figures from these traders, we could be seeing a huge amount on a weekly basis.