A Storm in a Crypto Teacup

Recently, the Central Bank of Nigeria decided to throw a wrench in the machinery of the country’s burgeoning cryptocurrency scene, issuing a circular that banned banks from servicing crypto exchanges. This move has stirred up quite the drama in Nigeria’s political arena.

Senator Musa’s Crypto Conundrum

During a lively plenary session, Senator Sani Musa of Niger East had some strong words about Bitcoin. He pointed out how the daring digital currency has effectively turned the Naira into a paperweight. “Cryptocurrency has become a worldwide transaction that you cannot even identify who owns what. The technology is so strong that I don’t see the kind of regulation that we can do,