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Kingsley Moghalu to Address Challenges and Opportunities of Cryptocurrency in Dubai

Posted by on March 23, 2021 0

Kingsley Moghalu to Address Challenges and Opportunities of Cryptocurrency in Dubai

Professor Kingsley Moghalu, a 2019 presidential candidate and Central Bank of Nigeria (CBN) Deputy Governor from 2009 to 2014, will address the global controversy over the use of cryptocurrency at a forum of global leaders in
cyber technology in Dubai, United Arab Emirates.

The former CBN Deputy Governor will be a Keynote Speaker at the Cybertech Global Conference, the annual gathering of the world’s top leaders in the field of cybertechnology.

Moghalu was among the first Nigerians that disagreed with the Central Bank of Nigeria’s decision to ban cryptocurrency-related transactions in Nigerian banks. Vice-President Prof Yemi Osinbajo later expressed the same
position Moghalu took: that the risks of cryptocurrency should be managed and regulated rather than an outright ban from the banking system.

The CBN had ordered banks and financial institutions in Nigeria to close the accounts of cryptocurrency traders.

Scheduled to take place in Dubai, the United Arab Emirates from April 5-7, 2021, the Cybertech Global conference will review developments in the cybertechnology ecosystem and its applications to governance, national security, business investments, finance, and academia.

Moghalu will speak on “The Challenges and Opportunities of Cryptocurrency: A Global Perspective”. As a Deputy Governor of the CBN, Moghalu led the implementation of several reforms in the banking and payments system of
Nigeria, including the development and introduction of the innovative unique identifier Bank Verification Number (BVN).

The reforms expanded financial inclusion and enabled the rapid growth of the financial technology (FinTech) industry in Nigeria. Moghalu, who is the President of the Institute for Governance and Economic Transformation (IGET), a public policy think tank, is presently serving on a special assignment as the United Nations Development Programme (UNDP) Special Envoy on Post-Covid Development Finance for Africa.

Other speakers at the Cybertech Global UAE will include Dr. Mohammed Al-Kuwaiti, Head of Cybersecurity, UAE Government, General David Petraus (Rtd), Former Director of the United States Central Intelligence Agency (CIA), General Wesley Clark (Rtd), Former Supreme Allied Commander of NATO, Kyriakos Pierrakakis, Minister of Digital Economy of Greece, Tamir Pardo, Former Head of the Mossad, Israel, and Michelle Conninsx, Assistant Secretary-General and Executive Director, Counter-Terrorism Executive Directorate, United Nations.

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