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Cryptocurrency News

Nigeria upgrades CBDC as crypto restrictions cripple fintech industry

05/10/2022

Less than a minute

2022.05.10 10:06

The Central Bank of Nigeria (CBN) is moving ahead with plans to upgrade the country’s central bank digital currency (CBDC) to be used on a wider range of goods and services. It is also maintaining harsh crypto restrictions that cripple the country’s fintech sector.

The CBN Branch Controller Bariboloka Koyor spoke at a campaign aiming to “sensitize” businesses to the eNaira at a market in the country’s most populous city of Lagos on May 9 according to a report from Vanguard. Koyor stated:

Source

05/10/2022

Less than a minute