The Senate has invited the Governor of Central Bank of Nigeria, Godwin Emefiele, and Director General of the Security and Exchange Commission, Lamido Yuguda, over the recent directive of the CBN banning the use of cryptocurrency in the country.The decision was made after a motion sponsored by Senator Istifanus Dung Gyang, (Plateau North) and Senator Adetokumbo Mukhail Abiru, (Lagos East). The motion was titled, “CBN decision to stop financial institutions from transacting in cryptocurrencies and matters arising therefrom”. The Senate mandated its Committees on Capital Market, Banking, Insurance and Other Financial Institutions, ICT and Cybercrimes to meet with the regulatory bodies on the issue. Furthermore, the CBN governor and DG SEC are expected to brief the panels on the opportunities and threats of the cryptocurrency on the nation’s economy and submit their report for the consideration of the Senate in plenary within two weeks.