BDCs seek measures to redirect diaspora remittance inflow away from cryptocurrency

Published by
Business Day

Association of Bureaux De Change Operators of Nigeria (ABCON) has called on the Central Bank of Nigeria (CBN) to introduce measures that will counter the advantages of cryptocurrencies exchanges as a channel for diaspora remittances. The association made the call in its quarterly economic review for Q1’2021, saying such measures are necessary to redirect diaspora remittance inflow away from crypto currency exchanges to official channels. Though the Association commended the CBN for the N5/$ rebate scheme introduced to encourage diaspora Nigerians to use official channels for remittance transfe…

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