NDIC official expresses on digital currencies

NDIC official expresses on digital currencies

The Nigerian Deposit Insurance Corporation (NDIC) expressed on the growth of digital currencies at a forum held in Lagos. The managing director of NDIC, Umaru Ibrahim stated, “The partial dis-intermediation of the banking system arising from the proliferation of digital currencies such as bitcoin, as well as the activities of FinTechs are all of critical concern to the corporation.”

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