Nigeria’s SEC sets up division focused on digital currency investments
The regulator intends to use the new fintech division to assess the feasibility of digital currency investments and decide on the need for comprehensive regulations.
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Nigeria’s central bank reveals CBDC guidelines and plans to launch digital wallet
The Central Bank of Nigeria plans to mint and issue the CBDC while commercial banks will be in charge of distribution, with zero fees for P2P wallet transactions.
Nigeria to consider upcoming CBDC as ‘critical national infrastructure’
Nigeria began exploring and researching the CBDC, which it has dubbed the e-Naira, five years ago under Project GIANT.