Cryptoplug Technologies

The International Monetary Fund (IMF) has recommended that Nigeria embrace the regulated use of digital assets by licensing international crypto exchanges.

The watchdog made the proposal in its latest consultation report for Nigeria. The move aims to bolster the country’s economic stability while enhancing its status within the African crypto sector.

The recommendation comes amid a recent regulatory crackdown on crypto in Nigeria that has resulted in a legal tussle with Binance and a planned ban on peer-to-peer (P2P) trading.

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