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Nigeria follows Chinas footsteps in piloting digital currency

October 26, 2021
Source: baillytech.com baillytech.com
News Snapshot:
Nigeria follows Chinas footsteps in piloting digital currency Central banks control the circulation and supply of money globally, but the phenomenal rise of cryptocurrency poses a threat to those central banks’ authority, control and power. So a wave of central banks around the world are now producing their own digital currencies. In a groundbreaking move for the African continent, buffered by local activity and interest in cryptocurrency — after the U.S., it is the second-largest market for crypto trading — Nigeria joins that list this week. After being in the development phase for the last three years, its central bank...
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Tags: Africa | Alipay | Ant Group | Apple | bank | Bank of China | Beijing | bitcoin | blockchain | boycott | censorship | Chengdu | China | Chinese | crypto | currency | Dollar | E-CNY | Ethereum | finance | fintech | firewall | fraud | Internet | Latin America

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