Why You Should Be Worried About The New E-naira

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The proposed E-Naira is coming just shortly after the ban on cryptocurrency in Nigeria. The ban in cryptocurrency by the federal government was widely criticized by a lot of Nigerians who fear that this policy might cripple innovation. The CBN however announced through its spokes person that it will be launching a Nigerian virtual currency and a lot of questions remain unanswered till this day as to how this proposed virtual currency will operate and why is it unique and different from the normal fiat Naira which is already available for electronic transactions.

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