It is pertinent to note that the ban on Cryptocurrency, earlier made by the apex financial regulator of Nigeria in 2021, was the best call at that particular regime.
Cryptocurrencies are not without their challenges however, for instance, they have exhibited periods of extreme volatility, which limits an asset’s ability to fulfill two of the classic functions of money to wit; to act as a stable store of value that people can hold and use predictably in the future, and to serve as a meaningful unit of account that can be used to assign a comparable value of goods and services.