Senator Sani Musa on Thursday, February 11, during plenary while he and other lawmakers debated on the Central Bank's decision to ban the use of digital currency in Nigeria, said that the use of Cryptocurrency has made the Nigerian currency almost useless and valueless.
The Senator in his words said, ''Crptocurrency has become a world wide transaction of which you can not even identify who owns what. It is being protected by an app or stuck to a bloc chip. The technology is so strong. I don't know the kind of regulation that we can do. Another very important thing that we should know is that Bitcoin has made our currency almost useless or valueless because I can remember that about six or seven years ago, my son bought three pieces of Bitcoin online and today, he is coming to tell me that he has Bitcoin for sale at N17 million each. Where is it? Because it is not physical."
See video below:
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