Cryptocurrencies in the coming years will challenge traditional banking – Prof Yemi Osinbajo

Vice President, Prof Yemi Osinbajo, has urged the regulatory agencies to look inwards in recommending ways of harnessing the huge potential in Cryptocurrencies.

In a tweet on Friday, Prof. Osinbajo said;

“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.”

This call is coming just few days after the Central Bank of Nigeria place a ban on Banks accounts of crypto traders.

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