Governor of the Central Bank of
Nigeria (CBN), Godwin Emefiele, has said investing in virtual currencies such
as bitcoin, is a “risk that cannot be supported” by the apex bank.
Emefiele stated this in an
interview with reporters in Abuja.
He highlighted the “dangers” in
bitcoin trading, saying he had commissioned the bank to carry out research into
the market to understand underlying issues.
“Cryptocurrency or bitcoin is
like a gamble, and there is a need for everybody to be very careful.
“We cannot as a central bank give
support to situations where people risk savings to gamble.
“I have asked my colleagues in
the research and monetary-policy department to study the market and get to know
what the issues are.
“The central bank may in future
make some very concrete pronouncements as to the direction,” Emefiele said.
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