The Central Bank of Nigeria wants full control of the eNaira, and is in early talks with blockchain platform R3 to develop a new system to support the digital currency.
The Nigerian government will reportedly soon pass a law that will recognize the usage of Bitcoin (BTC) and other cryptocurrencies as a means to keep up to date with global practices.
To further its “cash-less Nigeria” strategy and promote the usage of the eNaira, Nigeria’s central bank’s digital currency, the country has dramatically curtailed the amount of cash that people and companies may withdraw (CBDC).
Nigeria and crypto exchange Binance met informally to discuss the possibility of creating a special economic zone to help companies involved in the blockchain and cryptocurrency industries.
