" As B﻿itcoin and other digital currency﻿ become increasingly popular in Africa, and as ﻿many Nigerians have ﻿started using digital currencies ﻿for day-to-day transactions, the Central Bank of Nigeria has indicated its intention to regulate B﻿itcoin use in the country. The deputy governor of CBN’s financial system stability unit, Joseph Nnanna, said that ﻿“regulating virtual currencies will protect customers and investors, maintain the stability of the financial system and deter the potential use of B﻿itcoin for money laundering and terrorist financing”. In a statement released on Friday, BNM said: “The National Bureau of Investigation (NBI) is currently investigating reports regarding Bitcoin.
As B﻿itcoin and other digital currency﻿ become increasingly popular in Africa, and as ﻿many Nigerians have ﻿started using digital currencies ﻿for day-to-day transactions, the Central Bank of Nigeria has indicated its intention to regulate B﻿itcoin use in the country. The deputy governor of CBN’s financial system stability unit, Joseph Nnanna, said that ﻿“regulating virtual currencies will protect customers and investors, maintain the stability of the financial system and deter the potential use of B﻿itcoin for money laundering and terrorist financing”. In a statement released on Friday, BNM said: “The National Bureau of Investigation (NBI) is currently investigating reports regarding Bitcoin.