Nigeria upgrades CBDC as crypto restrictions cripple fintech industry -Breaking
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Nigeria raises CBDC to counter crypto-restrictions that have crippled fintech sectorThe 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. Additionally, it is imposing strict crypto restrictions to cripple Nigeria’s fintech industry.
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 ReportVanguard. Koyor declared:
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