The implementation of Central Bank Digital Currencies isn‘t just about money. It also is about personal freedom and how CBDCs ...

Nigeria’s upcoming cryptocurrency tax may be a strategic response to economic pressures. Will this initiative enhance revenue ...

Picture a bustling marketplace in Lagos. Traders shout out their prices, customers haggle, and transactions happen in cash.

The Central Bank of Brazil (BCB) has released a report detailing the first testing phase for Drex, its digital asset ...

KARACHI: At the inaugural Pakistan Banking Summit 2025, Finance Minister Muhammad Aurangzeb emphasised the critical need to ...

Oyekan acknowledged the slow adoption of Nigeria’s eNaira due to security and usability concerns. He suggested integrating it with mobile money platforms to boost acceptance and enhance digital ...

Additionally, in October 2021, Nigeria launched its Central Bank Digital Currency, the eNaira, aiming to provide a digital alternative to cash and further promote cashless transactions.

The Central Bank of Nigeria (CBN), while initially imposing restrictions on cryptocurrency transactions, subsequently introduced the eNaira, Nigeria’s own central bank digital currency (CBDC ...

The Promise of CBDC and Gift City’s Role. Is the Digital Rupee ready for real-world testing? At a time when countries like China and the European Union are pioneering their own ...

In regions with underdeveloped banking infrastructure, like Nigeria (which has the eNaira) and The Bahamas (with its Sand Dollar), CBDCs offer a chance to bypass traditional banking. They provide ...