Report: Nigeria’s Digital Currency to Be Designated ‘Critical National Infras...
According to a report, the Central Bank of Nigeria (CBN) is planning to have its proposed digital currency designated “critical national infrastructure” in order to protect it from operational and cyber-security risks. In addition, the CBN will also apply regulatory and compliance mechanisms to prevent what it calls “disruptive competition for electronic money.” Cost Versus Benefit As a Thisdaylive report explains, the digital currency which will be known as the e-naira will initially co-exist with traditional payment systems. CBN hopes that this strategy will help....
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