Yemi Cardoso, Governor of the Central Bank of Nigeria (CBN), recently stated in a statement that cryptocurrency regulation is not the responsibility of the central bank. He expressed this view at a media event, noting that the role has been assigned to the Securities and Exchange Commission (SEC) of Nigeria.

But Cardoso also added that the central bank will work with law enforcement agencies and regulators responsible for regulating the Nigerian crypto industry. This statement is undoubtedly good news for the development of cryptocurrencies such as Bitcoin, and is expected to bring more opportunities and challenges to the industry. Let’s wait and see!