Federal Government and CBN have recognized Crypto-currency as Official Financial Asset

This is really a good news! You should know about this because, money is going digital. Cryptocurrency is gradually gaining ground. And gaining popularity. Have you heard about Bitcoin, Litecoin, Etherium and the rest? That's Cryptocurrency for you. What are your reactions when you hear about Cryptocurrency? Most people feel it is less important and just online stuff. And they don't do online stuff.



Now, here is this great news.

Cryptocurrencies with an open-source technology have greatly received attention in the past few years and right now.

It is true that some financial institutions, the Government and the public organizations have recognized Bitcoin and other Cryptocurrencies as official financial assets.



By implication, it is now approved to transact Bitcoin and other cryptocurrencies in Nigeria banks now.

Originally, Cryptocurrency was an alternative payment system and was independent of the central banks. Because of the popularity of the Cryptocurrency, the Central Bank and the Nigerian Government have recognized and received it as part of general transaction in the banks.

This also means that, the high level of poverty will be drastically reduced. Because, soon, a lot of Nigerians will shift focus from Nigeria to Bitcoin that has high value and other cryptocurrencies.



This will definitely reduce poverty and other social crimes in the country. And having fore-knowledge of this will help you get the right information and adequate preparation to meet up with the change.