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Senate on Bitcoin: Senator Na’Allah saves his constituency from scammer

The Nigerian Senate on Tuesday deliberated on the increasing use of digital currency, bitcoin, and ponzi schemes in Nigeria.

The Senate has mandated mandated the Senator Rafiu Adebayo Ibrahim, APC, Kwara South-led Committee on Banking, Insurance and other Financial Institutions to investigate the viability of bitcoin as a form of investment, come up with recommendations on how to control its uses/trade, and report to the Senate within two weeks.

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