Cryptocurrency News: According to reports by a Nigerian-based newspaper, Nigeria is in the process of legalizing Bitcoin and other cryptocurrencies to keep up with the growing digital market.
The Nigeria-based newspaper had an interview with the House of Committee representative of capital markets. He stated that if the bill of amendment of Investments and Securities Act, 2007 then the cryptocurrencies and other digital money will be recognized as an investment capital.
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Chairman Bangida Ibrahim of Capital markets said,
“Like I said earlier during the second reading, we need an efficient and vibrant capital market in Nigeria. For us to do that, we have to be up to date [with] global practices.”
Ibrahim, former president of Nigeria was quoted as saying,
“It is not about lifting of the ban, we are looking at the legality: what is legal and what is within the framework of our operations in Nigeria.”
He also added that its not a u-
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