e-Naira to be treated as a critical national infrastructure

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ABUJA (CU)_Amid growing interest in cryptocurrencies across the globe, many governments have begun paying more attention to the industry, with some countries looking at criminalising the possession and trading of these digital assets, while others consider the possibility of launching their own digital currencies. The government of Nigeria is among the latter group, with the Central Bank of Nigeria (CBN) having proposed the launching of an e-Naira, which is expected to be designed by the apex bank and distributed through regulated financial institutions.

Accordingly, a document recently obtained by THISDAY has offered more insights into the digital money regime, including the federal government’s intention to treat the currency as a critical national infrastructure. According to the Nigerian national newspaper, the CBN is set to introduce…

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