Ben Bruce warns CBN against hasty decision on crypto

  Former Senator, Ben Murray-Bruce has expressed dissatisfaction on the ban issued to Financial institutions against having any crypto or fa...

 

Former Senator, Ben Murray-Bruce has expressed dissatisfaction on the ban issued to Financial institutions against having any crypto or facilitating payments for crypto exchanges.

 

The Central Bank of Nigeria, CBN, on Friday warned Deposit Money Banks (DMBs), Other Financial Institutions (OFIs), Non-Bank Financial Institutions (NBFIs) and Local Financial Institutions against having transactions in crypto or facilitating payments for crypto exchanges.

 

Reacting, the former Senator in a tweet via his Twitter account on Friday warned the Federal Government against making hasty decisions when it comes to policies regarding finance or the economy of the country.

 

“It is a universal knowledge that decisions or policy regarding finance or economy should never be hasty.

 

“CBN should better not be in a hurry to make such hasty decisions,” he said.