xHe insisted that SEC’s suspension of the proposed guideline would remain valid until operators of the various crypto exchanges have access to their accounts in Nigerian banks that were closed by CBN. “SEC remains supportive of the growth of Financial Technology (Fintech). “In other areas of financial technology, nothing has changed but for cryptocurrency. “We are in close discussions with the CBN for better regulation of the market. As a nation, we have to embrace technology for our development processes,” he said.

Source: The Guardian April 16, 2021 03:33 UTC