Cryptocurrency News

Central Bank of Nigeria: eNaira no threat to financial stability


The Central Bank of Nigeria (CBN) had to publicly insist that its eNaira project — one of the world’s first operating central bank digital currencies (CBDC) — doesn’t threaten the country’s financial stability.

The Oct. 9 press release from the CBN came in response to “news items on some media platforms,” suggesting that the eNaira threatens Nigeria’s financial stability. Some news pieces, such as one published in a daily Nigerian newspaper, Punch, point to the CBN’s recently released report titled, “Economics of Digital Currencies: A Book of Readings.”


Related Articles

Back to top button