Abiodun Adeoye, an information and communications technology (ICT) expert, says demonising cryptocurrency will affect investment in Nigeria.
Adeoye spoke while addressing the issues surrounding Binance’s operation in Nigeria and the crackdown on cryptocurrency firms.
Adeoye said it is time for Nigeria to address its economic challenges wisely instead of blaming a globally accepted business transactional method. Adeoye said it is unfortunate Nigeria is having a problem with Binance at a time the country is becoming a hotbed for cryptocurrency activity, with a burgeoning industry of firms and enthusiasts driving innovation and economic growth.
“The Nigerian government’s strong views towards cryptocurrency firms is no secret. From regulatory restrictions to outright bans, authorities have clarified their stance, citing concerns over financial stability and illicit activities.“Yet, amidst these actions, little consideration has been given to the consequences for the burgeoning crypto ecosystem and the broader economy.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BOOK REVIEW: “Media and Nigeria’s Constitutional Democracy”, By Abiodun AdeniyiIt is a 162-page collection divided into ten chapters, covering different subthemes but pointing to the core theme of constitutional democracy and free speech.
Read more »
Godly mothers are priceless: Happy mother’s day!, By Ayo AkerelePremium Times - Nigeria'bs leading online newspaper, delivering breaking news and deep investigative reports from Nigeria
Read more »
Tinubu’s disappearing act and Agbalowomeri, By Festus AdedayoPremium Times - Nigeria'bs leading online newspaper, delivering breaking news and deep investigative reports from Nigeria
Read more »
Article of Faith: Living the present in the future (2), By Femi AribisalaPremium Times - Nigeria'bs leading online newspaper, delivering breaking news and deep investigative reports from Nigeria
Read more »
Journalist released from prison after IPI Nigeria’s interventionPremium Times - Nigeria'bs leading online newspaper, delivering breaking news and deep investigative reports from Nigeria
Read more »
Nigerian musicians received over N25 billion streaming royalties in 2023Premium Times - Nigeria'bs leading online newspaper, delivering breaking news and deep investigative reports from Nigeria
Read more »