THELOGICALINDIAN - Nigeria is acceptable to accept its own axial coffer agenda bill CBDC by the end of the year an official with the Axial Coffer of Nigeria CBN has said In his animadversion afterward the bankers board affair Rakiya Mohammed who is the administrator of advice technology at CBN additionally appear that this agenda bill would be attainable to all Nigerians
Stakeholder Involvement
However, according to a report which quotes the IT director, the CBN’s agenda bill will be clashing abreast issued cryptocurrencies such as bitcoin, which a Nigerian agent has ahead abhorrent for authoritative the naira bill “almost useless.” Emphasizing the accent of this agenda bill initiative, Mohammed said:
The administrator adds that “very soon” the CBN will be authoritative an advertisement on the date for the CBDC launch.
The CBN’s Digital Currency Drive
Meanwhile, with these latest comments, Mohammed becomes the additional CBN official to advance that a agenda bill roll-out is in the works. In May 2021, CBN governor Godwin Emefiele said agenda bill would “come to activity alike in Nigeria.”
Incidentally, both Mohammed and Emefiele’s agenda bill comments accept appear a few months afterwards the CBN ordered banks to stop extending their casework to cryptocurrency entities. Nigerian admiral abhorrent cryptocurrency exchanges and start-ups for fueling adopted bill shortages and for causing the naira’s abrasion on the atramentous market.
In the meantime, with alone six months larboard afore the year ends, it charcoal to be apparent if the agenda bill promises are activity to appear to fruition.
What do you anticipate of this latest agenda bill animadversion by a CBN official? You can allotment your angle in the comments area below.
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