Little knowledge of cryptocurrency worries Luno – Punch Newspapers

A leading global exchanges company, Luno, has expressed concerns over the limited knowledge of the cryptocurrency and how it operates.

The company said there was a need for Nigerians to embrace a knowledge-driven approach to cryptocurrency.

The Country’s Manager, Luno, Mr. Owenize Odia, said at a press conference in Lagos that cryptocurrency education would also benefit the market as it would ensure people approach it with a knowledge-driven mindset.

Odia, who explained that cryptocurrency market in Nigeria made headlines globally in 2017 when it twice emerged second as the country that searched for bitcoin the most on Google, added that regulation would also reinforce collaboration in the space, as banks would be free to partner exchanges and other stakeholders for growth of the market.

He added that equipping users with adequate knowledge about cryptocurrency would ensure they were protected and the issue of scam would be avoided.

He said, “This is what sets us apart as a…