{"id":44153,"date":"2021-05-26T14:46:04","date_gmt":"2021-05-26T14:46:04","guid":{"rendered":"http:\/\/watchdogplusmedia.com\/?p=44153"},"modified":"2021-05-26T14:46:12","modified_gmt":"2021-05-26T14:46:12","slug":"cryptocurrency-used-for-illegal-transactions-emefiele","status":"publish","type":"post","link":"https:\/\/watchdogplusmedia.com\/?p=44153","title":{"rendered":"Cryptocurrency used for illegal transactions \u2013 Emefiele"},"content":{"rendered":"\n
\"Emefiele<\/figure>\n\n\n\n

The Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, said on Tuesday cryptocurrency is majorly used for illegitimate transactions.<\/p>\n\n\n\n

The CBN governor\u2019 comment came three months after the apex bank clamped down on cryptocurrency transactions in the country.<\/p>\n\n\n\n

The CBN<\/a> had on February 5 directed deposit money banks to close accounts linked to cryptocurrency exchange in Nigeria.<\/p>\n\n\n\n

Since the ban, Nigerians have had to use a peer-to-peer feature for Bitcoin transactions.<\/p>\n\n\n\n

Emefiele said cryptocurrency transactions would not benefit everyone and cited the decline the digital asset had experienced since Tesla founder, Elon Musk, announced that the company would not receive Bitcoin for payment again.<\/p>\n\n\n\n

He said: \u201cDo you think that they would allow you to grow your cryptocurrency business to the second position if what is inside is the big deal that is going to profit everyone? It is not that simple.\u201d<\/p>\n\n\n\n

He warned Nigerians to be careful about the cryptocurrency market since Musk is skeptical about it.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, said on Tuesday cryptocurrency is majorly used for illegitimate transactions. The CBN governor\u2019 comment came three months after the apex bank clamped down on cryptocurrency transactions in the country. The CBN had on February 5 directed deposit money banks to close accounts linked to cryptocurrency exchange in […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","_mi_skip_tracking":false},"categories":[3],"tags":[],"yoast_head":"\nCryptocurrency used for illegal transactions \u2013 Emefiele » WatchDog Plus Media<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/watchdogplusmedia.com\/?p=44153\" \/>\n<meta name=\"author\" content=\"Odofin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/watchdogplusmedia.com\/?p=44153#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/watchdogplusmedia.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Crime\",\"item\":\"https:\/\/watchdogplusmedia.com\/?cat=3\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Cryptocurrency used for illegal transactions \u2013 Emefiele\"}]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Cryptocurrency used for illegal transactions \u2013 Emefiele » WatchDog Plus Media","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/watchdogplusmedia.com\/?p=44153","author":"Odofin","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"BreadcrumbList","@id":"https:\/\/watchdogplusmedia.com\/?p=44153#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/watchdogplusmedia.com\/"},{"@type":"ListItem","position":2,"name":"Crime","item":"https:\/\/watchdogplusmedia.com\/?cat=3"},{"@type":"ListItem","position":3,"name":"Cryptocurrency used for illegal transactions \u2013 Emefiele"}]}]}},"rttpg_featured_image_url":null,"rttpg_author":{"display_name":"Odofin","author_link":"https:\/\/watchdogplusmedia.com\/?author=2"},"rttpg_comment":0,"rttpg_category":"<a href=\"https:\/\/watchdogplusmedia.com\/?cat=3\" rel=\"category\">Crime<\/a>","rttpg_excerpt":"The Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, said on Tuesday cryptocurrency is majorly used for illegitimate transactions. The CBN governor\u2019 comment came three months after the apex bank clamped down on cryptocurrency transactions in the country. The CBN had on February 5 directed deposit money banks to close accounts linked to cryptocurrency exchange in…","_links":{"self":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/posts\/44153"}],"collection":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=44153"}],"version-history":[{"count":-4,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/posts\/44153\/revisions"}],"wp:attachment":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44153"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}