IMF backs CBN’s restriction on use of cryptocurrencies

MF forecasts higher GDP growth for Nigeria at 2.5%

IMF backs CBN’s restriction on use of cryptocurrencies   In what appeared as a way of baking Nigerian apex bank’s ban of cryptocurrency transactions in the country, an official of the International Monetary Fund (IMF) has called for caution in the use of the digital currencies, describing it as a concern. It disclosed this during a virtual briefing on the recently published 2020 Article IV IMF Staff Report for Nigeria. Ari Aisen, the Resident Representative of IMF for Nigeria, said the concern on the use of cryptocurrencies was why many…

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