Kingsley Moghalu to Address Challenges, 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
cybertechnology 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 institution in Nigeria to close the
accounts of cryptocurrency traders.

Scheduled to take place in Dubai, 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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