You are free to use Bitcoin, others in Nigeria – CBN Governor, Emefiele

THE Central Bank of Nigeria (CBN) has said there was no time the bank banned the activities of Cryptocurrencies in the country.

In a news report according to TrekAfrica, the CBN Governor, Godwin Emefiele, disclosed on this Saturday in Abuja at the 30th seminar for Finance Correspondents and Business Editors organised by the apex bank.

Emefiele, who was represented by Adamu Lamtek, Deputy Governor, Corporates Services, said what the CBN did was to protect the banking sector from Cryptocurrency activities and not ban its activities.

“The CBN did not place restrictions from use of Cryptocurrencies and we are not discouraging people from trading in it. What we have just done was to prohibit transactions on Cryptocurrencies in the banking sector.”  He said.