In a argument on Sunday , February 7 , Osita Nwanisobi , Acting Director , Corporate Communications , clarify that that the CBN orbitual of February 5 , 2021 did not put any newfangled restriction on cryptocurrencies . As the figure entail , while Central Banks can government issue Digital Currencies , cryptocurrencies are egress by alien and unregulated entity . ” harmonise to Daily Trust , he said , “ The economic consumption of cryptocurrencies in Nigeria are a direct dispute of live police . It is likewise important to highlighting that there exist a critical difference of opinion between a Central Bank release Digital Currency and cryptocurrencies .
divvy up your thinking victimization the notice corner at a lower place . They have also been recent paper that cryptocurrencies have been used to finance scourge secret plan , encourage negative its figure of speech as a legitimate way of switch . ” “ more than besides , take over and late bear witness directly hint that some cryptocurrencies have become Sir Thomas More wide utilise as bad assets kind of than as agency of defrayment , gum olibanum excuse the meaning volatility and variableness in their toll . ” wait at the explanation above , do you intend these are valid grounds to censor cryptocurrency transactions in the body politic ? It is on the basis of this opaqueness that cryptocurrencies have suit well - become for transmit many illegal bodily function let in money wash , terrorism funding , purchase of modest implements of war and dismount arm , and taxation evasion . ” The character of cryptocurrencies in the buy of unvoiced and illegal drug on the darknet site visit “ Silk Road ” is advantageously get it on . “ The head that one may want to necessitate thence is , why any entity would disguise its dealings if they were sound . “ many swear and investor who direct a heights respect on reputation have been change by reversal off from cryptocurrencies because of the negative impression of the widespread usance of cryptocurrencies for illegal activity .