Binance: Collaboration with SEC, EFCC, NSA positive – CBN Gov

The Central Bank of Nigeria (CBN) says it is the role of the Securities and Exchange Commission (SEC) to regulate cryptocurrency transactions in the country, and not the responsibility of the apex bank.

CBN Governor Olayemi Cardoso stated this during the apex bank’s 294th meeting of the Monetary Policy Committee (MPC) on Tuesday in Abuja when the MPC hiked interest rate by from 22.75% to 24.75%.

Cardoso, however, said collaboration with SEC, the Economic and Financial Crimes Commission (EFCC) and the Office of the National Security Adviser has been yielding positive outcomes in the last one month.