Elizabeth O.
Information Technology specialist, Adamu Garba, says the current policy by the Central Bank of Nigeria that Deposit Money Banks, Non-Financial Institutions, and other financial institutions should not do business in crypto and other digital assets will help Nigeria’s fight against terrorism.
Garba, who is also a former presidential aspirant, spoke on Saturday while featuring on a PUNCH NG Live program.
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According to him, the CBN ban would affect the financial transactions of terrorists and bandits, who through cryptocurrencies, receive funds from their international sponsors for the purchase of ammunition.
He also said the ban would halt the funding of non-state actors or protests like the #EndSARS demonstrations as such receive financial supports through, cryptocurrencies, aso Naija gathered.
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