According to the report of the Institute of Bankers of Nigeria (CIBN), popularity of Bitcoin and other cryptocurrencies is growing in the country, and this is despite unfavourable attitude from the side of the Central Bank – investment platform has learned.
“The Central Bank of Nigeria has claimed that digital currencies are not the legal means of payment in the country, what is more only Nigerian naira has this status. There are concerns about digital currencies` popularisation, which at the current moment are changing global payment ecosystem”.
Nigerian Senate used to try to wrap public opinion against Bitcoin, and Nigerian Deposit Insurance Corporation this summer warned about cryptocurrencies risks. On the other hand, according to the last Financial Times` report economic situation in Nigeria goes on worsening, as a result Nigerian citizens prefer albeit unregulated, but providing financial freedom digital currencies.
Besides, recently Jack Dorsey – the CEO of Twitter social network and cryptocurrency enthusiast – has claimed that exactly Africa will determine the future of cryptocurrencies. In our article you may read about Dorsey`s statement in detail.