Nigeria’s Vice President, Yemi Osinbajo, has called for the regulation of cryptocurrency in Nigeria, as against the exclusion of the digital currency from the financial ecosystem in the country.
He said this at the one-day special summit of the Bankers Committee organised by the Vanguard Newspaper on Friday at Eko Hotels and Suites, Lagos.
Nigeria’s vice president Yemi Osinbajo
The Guardian Nigeria
Osinbajo who was the special guest at the event spoke on a number of issues affecting the economy of the country, including cryptocurrency.
“On the very topical issue of blockchain technology, digital assets, and cryptocurrencies, let me say two things,” Osinbajo said.
“First is that there is no question that blockchain technology generally and cryptocurrencies, in particular, will in the coming years challenge traditional banking, including reserve banking, in ways that we cannot yet imagine so we need to be prepared for that seismic shift and it may come sooner than later.