Abubakar Malami, Attorney General of the Federation (AGF), has said that the Ministry of Justice is considering legislation for digital currency.
Read Also: Okonjo-Iweala, FCT Chief Judge Named Among Most Reputable Africans
Malami disclosed this while declaring open a capacity building workshop and interactive session with Judiciary Correspondents in Abuja on Tuesday. He stated that the bills include; electronic transaction, electronic evidence act, digital management act and electronic banking act.
Read Also: I Don’t Impose My Ideas On Buhari, Says Mamman Daura
He said that the new bills will further build on the success of the stamp duty act which according to him has increased stamp duty revenue from “mere total of N22 billion over the years to N66 billion within the last six months of the amendment of the act.”
Read Also: Kumuyi Publishes Yoruba Bible
The AGF noted that “There are several other acts to regulate emerging digital financial sub sector of the economy.
Read Also: Nigerian Students On Scholarship Now Beggars In UK – Dabiri-Erewa
“The expected bills will prepare Nigeria for emerging realities relating to digital cash, bitcoin and e-currency.”
Discussion about this post