Nigeria is expected to designate cryptocurrency as capital for investment if the country’s House of Representatives votes to approve a bill that seeks to amend the Investments and Securities Act of 2007, a report has said. A Nigerian lawmaker, Babangida Ibrahim, suggested that the Central Bank of Nigeria (CBN) is not well positioned to regulate […]
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The slated law comes as Nigeria’s eNaira has only managed to obtain a 0.5% adoption rate 12 months after its launch in Oct. 2021.
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