Nigeria's Central Bank Considers Digital Naira Amid Bitcoin Crackdown
Last Updated: 27 May 2021 In a sign of worldwide growing adoption, central bank digital currencies (CBDCs) programs are currently underway in many countries. West African giant Nigeria appears to be the latest entrant in a field that is garnering much attention. Digital Naira in the Works The Central Bank of Nigeria (CBN) is planning on launching a digital version of the Nigerian Naira, local news outlet Nairametrics reports. This was made known by Nigeria’s central bank Governor Godwin Emefiele at the 279th monetary policy rate (MPR) meeting on Wednesday. This comes aga...