The International Monetary Fund (IMF) has expressed support for the directives of the Central Bank of Nigeria (CBN), ordering banks to close all accounts related to cryptocurrency transactions.
The IMF, however, cautioned the Federal Government (FG) against increasing the tax rate in a bid to generate more revenue, saying, this is not the right time for such a move. IMF Resident Representative for Nigeria, Mr Ari Aisen, stated this yesterday. He said that there is global concern for some of the uses of crypto currencies which includeillegal transactions such as money laundering and drug trafficking. According to him, many central banks in the world have taken similar policy decisions similar to the one taken by the CBN.
Got gist? SMS:08029976464 WhatsApp:08029976464 Email:inkubwa@gmail.com
No comments:
Post a Comment