Stakeholders in the financial sector have called for a regulatory framework for blockchain and cryptocurrency transactions in Nigeria. They made the call on Tuesday in Abuja, at a blockchain/cryptocurrency policy
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The Securities and Exchange Commission (SEC) says discussion is ongoing with the Central Bank of Nigeria (CBN) over the regulation of cryptocurrencies. Lamido Yuguda, director-general of SEC, made this known

Imagine having money stored securely in a digital format. Money that cannot be torn, mutilated, or physically damaged. That’s a cryptocurrency. Some regard it as the currency of the future.