NDIC cautions Nigerians against transactions in digital currencies

The Nigeria Deposit Insurance Corporation ( NDIC ) says transactions in digital currencies are not authorised by the Central Bank of Nigeria ( CBN ), cautioningNigerias against transacting business in bitcoin and other crypto currencies.The Manager, Research Department, NDIC, Mr Adikwu Igoche, gave the warning in an interview with the our reporter on Friday at the ongoing 29th Enugu International Trade Fair.Bitcoin and other crypto currencies are forms of digital currencies which only exist in s