SEC says it controls and regulates cryptocurrencies and other digital assets but admits it is impossible to “cage” it, describing it as “air.”
Against a basket of currencies, the U.S. dollar eased slightly by 0.08 per cent to 102.22.
In the first six months of the year, the world’s largest and most costly cryptocurrency also achieved an amazing trading volume.
Other elements of the finance bill include chargeable assets, the exclusion of losses, and the replacement of corporate assets.
The UN Conference on Trade and Development (UNCTAD) has called for action to curb cryptocurrencies in Nigeria and other developing nations.
“CBDC would be legal tender with one e-naira equivalent to one naira, which shows fundamental differences between CBDC and cryptocurrencies.”
