Nigeria launches new cryptocurrency called e-Naira

Nigeria plans to launch its own cryptocurrency, the so-called “e-Naira“, in October, said the governor of the country’s central bank, Godwin Emefiele.

 

Nigeria has banned banks and financial institutions from conducting any cryptocurrency transactions since February.

 

Godwin Emefiele said the “e-Naira” would act as a wallet with which customers would have “easy” access to existing funds in their bank accounts.

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