THELOGICALINDIAN - In an credible admonishment of the Central Bank of Nigeria CBN the Vice President of Nigeria Yemi Osinbajo says the countrys budgetary authorities charge accede acclimation crypto assets He adds that instead of killing the goose that ability lay the aureate egg Nigerian budgetary authorities charge accede accouterment a able-bodied authoritative administration that addresses their concerns
The Importance of Disruptive Technologies
Still, in his address at a Bankers Committee meeting, Osinbajo says “he absolutely appreciates the position” that has been articulate by the CBN. Since the CBN prohibition went into effect, leaders at both the CBN and the Nigeria Securities and Exchange Commission (SEC) accept defended this decision.
However, in his speech, the Nigerian Vice President suggests that the country’s regulators charge accede all-embracing arising and confusing technologies. Pointing to the accomplished appulse of some confusing innovations, the Vice President said:
“As apparent in abounding added sectors, disruption makes allowance for ability and progress.”
Meanwhile, Osinbajo, who acutely wants both the CBN and the SEC to booty a cue from these added sectors, says “there is a role for regulation” alike with cryptocurrencies. Still, apropos this regulation, Osinbajo says:
Confusion Reigns Supreme
In the meantime, on Twitter, acknowledgment to the Vice President’s comments appears to accept reignited the altercation that surrounds the CBN prohibition. On one hand, crypto opponents accept attacked Osinbajo’s animadversion while on the added hand, crypto players are lauding the Vice President’s comments. Still, others say the Vice President’s animadversion laid bald the admeasurement of abashing central the Nigerian government.
A Twitter user accepted as Pedro Kalu said: “This shows abridgement of bright bread-and-butter policy, The Vice-president is declared to be the baton of the bread-and-butter aggregation and actuality he is speaking from one ancillary of the aperture while the CBN Governor does another.”
Another user, Rancho remarks, “This should accept been said to the CBN afore they fabricated that adventurous decision. A VP as complete [and] abreast as Prof. Osinbajo should accept been consulted. Right now, the govt doesn’t attending or allege with one voice. Discordant tunes. Bad policies. Confusion everywhere!”
What are your thoughts on comments that were fabricated by the Nigerian Vice President? You can allotment your angle in the comments area below.
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