Nigerian Vice President Advocates For Regulation, Not Crypt Ban? Recently, new rules for the regulation of cryptocurrencies in Nigeria came into force. In this regard, banks are forbidden to service cryptocurrency accounts. The country's vice president urges the regulator to reconsider the decision Yemi Osinbajo attended a meeting of the banking committee, where he expressed his position on the issue. He believes that it is not necessary to ban cryptocurrencies, as it is a chicken that carries golden eggs. You just need to control innovation. Cryptocurrencies in the coming years will challenge traditional banking, including reserve banking, in ways that we cannot yet imagine, so we need to be prepared for that seismic shift. pic.twitter.com/tbIR8eah2s — Prof Yemi Osinbajo (@ProfOsinbajo) February 26, 2021 Osinbajo tweeted that the future lies with cryptocurrencies. Digital currencies will change the traditional banking system, offering convenient and practical ways of transactions and reserve banking, which are still difficult to imagine. 📌 Subscribe to our Telegram, Twitter and Facebook to be the first to know the news of cryptocurrencies!