Nigerian Blockchain Association Knocks Central Bank Over Failure To Implement A Crypto Strategy
The Nigerian Blockchain Association has criticized the Central Bank of Nigeria over its failure to implement a comprehensive cryptocurrency strategy. According to a report, the group issued a strongly worded statement criticizing the decision of the bank, alleging that its inaction has hindered the development and growth of the technology in the country. The statement further claimed that the CBN failed to act despite the growing interest in cryptocurrencies and blockchain technology among Nigeria’s youth population. The association also accused the regulator of stifling innovation and creating an unfriendly environment for digital assets. The statement concluded by calling on the government to introduce proactive measures to encourage the integration of blockchain technology in the Nigerian financial system.