Crypto Ban in Nigeria Stalls eNaira Adoption Despite Global Recognition
Chinedu Albert, a legal expert specializing in Nigerian tech and innovation, has attributed the challenges facing the adoption of the eNaira, the Central Bank of Nigeria’s digital currency (CBDC), to a previous crypto ban.
In an exclusive interview with Cointelegraph on December 29, Albert described the eNaira as an ambitious concept. However, he observed that it reflects the government’s response to its “ill-advised” decision to enforce a sweeping ban on cryptocurrencies and other virtual assets on February 5, 2021.
Central Bank of Nigeria bans Crypto currency transactions
This is 2021, and the Nigerian government wants to ban crypto. They never love to progress, no wonder Nigeria can’t move forward. pic.twitter.com/knYzTwwuIT
— Eyèn Drone Boss ❤️
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