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The Nigerian Blockchain Association (NBA) has called out the Central Bank of Nigeria (CBN) for failing to develop a strategy to regulate the cryptocurrency sector in the country. The association stated that the CBN has yet to “strengthen oversight of activities of users, operators and other participants in the Cryptocurrency space”. The NBA also urged the CBN to expedite the process and create a cryptocurrency strategy. It argued that such an approach would enable the country to benefit from the opportunities of blockchain technology while also protecting it from related risks.