Hello friends, do you think Nigerian banks and other related bodies will ever consider categorizing Cryptocurrency as an asset that will make people eligible for loans? I read online that that is a move been considered already by countries like the United States.
The
CBanCBN told banks not to directly get involved in bitcoin and other crypto related matters. If you want to accept cryptocurrencies as collateral, the borrower will have to send the coin (like bitcoin as an example) to the bitcoin address given by the bank. That means banks are getting involved in crypto already.
JI think they will need further clarity from the CBN but I think CBN may not allow that. If CBN allows
it, letting banks to help people
goldhold their bitcoin, do not be surprised seeing banks start accepting bitcoin as collateral.