forbes - Digital Pound Foundation

Nigeria plans to introduce Naira stablecoin (cNGN) in 2024

On Friday, December 22, the Central Bank of Nigeria reportedly released a circular addressed to all banks and financial institutions, revoking its previous prohibition on bitcoin. Additionally, the circular set forth new regulations for Virtual Asset Service Providers operating within Nigeria. A notable development in Nigeria’s financial landscape will be the introduction of a Naira […]

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Whilst most CBDC experiments have involved private sector technology providers, the overwhelming majority of these experiments, to date, have not involved participation from other private sector actors. The Digital Pound Foundation is unique in proposing a model whereby the public and private sectors can fully engage in the design, development and adoption of a digital Pound, thus contributing to its successful roll-out and helping drive forward the UK’s transition to a digital economy.

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