Nigeria’s apex regulatory bank, The Central Bank of Nigeria (CBN), earlier this week hinted at its plans to create a digital Naira.
Godwin Emefiele, the nation’s CBN Governor, made this disclosure at a Monetary Policy meeting held in Abuja, the country’s capital. The CBN Governor also made use of the opportunity to address the recent trends of growing volatility and value decline in the cryptocurrency market, taking a swipe at the recent fluctuations that have rocked the market as a result of Tesla’s CEO, Elon Musk changing predilections. Godwin was quoted as saying:
“We saw the market collapse. Initially, when Elon Musk tweeted around the time when we said our banking and payment facilities are no longer available for cryptocurrency transactions and he tweeted that he will invest $1.5 billion and the price (Bitcoin) went up. He now tweeted and raised a few concerns and the thing (Cryptocurrency) plunged.”
Read more: https://zycrypto.com/will-nigeria-lead-the-digital-currency-movement-in-africa/
