A Lot More Required for CBDC Adoption to Take Off In Emerging Markets
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Original Source: PYMNTS.com It’s been over a year since the Central Bank of Nigeria (CBN) issued a circular prohibiting banks and other financial institutions from facilitating cryptocurrency transactions and processing payments for crypto exchanges, lest they risk “severe regulatory sanctions.” In a statement, the bank said the directive, which saw Binance and other exchanges halt deposits […]
Nigeria’s CBDC eNaira Used for Nearly $10M Worth of Transactions Since October
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Original Source: Coindesk Nigeria’s central bank digital currency (CBDC), the eNaira, has been used to carry out transactions worth 4 billion naira ($9.3 million) since it was introduced last October, according to country’s central bank governor. In a speech on Thursday, Central Bank of Nigeria (CBN) Governor Godwin Emefiele described the volume and value of […]
Nigeria to enable eNaira CBDC on feature phones for financial inclusion
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Central Bank of Nigeria publishes e-Naira design paper
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Impending arrival – a sequel to the survey on central bank digital currency
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