Regulate Crypto Trading Platforms, IMF Urges Nigeria

The International Monetary Fund (IMF) has urged Nigeria to regulate crypto trading platforms. This is just as the Fund also urged the Central Bank of Nigeria (CBN) to remove waivers granted to Deposit Money Banks (DMBs) during the COVID-19 pandemic.

IMF in its Article IV Staff Consultation Report of the Board of Governors of the global organisation, released on Thursday in the United States said the forbearance is a risk to monitoring the financial sector.