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Central Banks Digital Currencies (CBDCs) – a Gift or a Curse?
nairametrics.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nairametrics.com Daily Mail and Mail on Sunday newspapers.
Digital Economy will Drive Growth, Job Creation, Says Emefiele
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Nigeria: As Payment Systems Take Another Leap With QR Codes, By Tope Fasua
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CBN s Naira4Dollar Scheme may have been copied from Bangladesh
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Cryptocurrency ban: CBN replies critics, says its used to finance terrorism, money laundering 4 min read
The Central Bank of Nigeria on Sunday replied those criticising its ban on Cryptocurrency transactions insisting that the currency is issued by unlicensed entities.
The apex bank insists that apart from the fact that Cryptocurrencies are issued by unregulated and unlicensed entities, their use in Nigeria goes against the key mandates of the CBN, as enshrined in the CBN Act (2007), as the issuer of legal tender in Nigeria.
Many Nigerians including Former Nigerian Vice President, Atiku Abubakar, former Minister of Education Oby Ezekwesili had faulted the ban on cryptocurrency trading by the Central Bank of Nigeria, saying it may increase “economic pressure” already being experienced by youths.