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Nigeria’s President-Elect to Introduce Blockchain in Banking Sector

Nigeria's President-elect aims to introduce blockchain technology and crypto into the banking and finance sector to stimulate economic growth as part of his plan...
Adoption

eNaira Adoption Soars Amid Cash Shortage: Transactions Rise 63%

The eNaira, recorded a 63% increase in transaction value due to the country's demonetization policy and cash shortage crisis, with an estimated 22 billion...
Adoption

Zimbabwe Explores Launching Central Bank Digital Currency

Zimbabwe is exploring the launch of a Central Bank Digital Currency to increase financial inclusion for its large rural population and combat inflationary problems. One...
Crypto

IMF: No Granting Cryptocurrencies Legal Tender Status

IMF advises against giving crypto official status and outlines a 9-point policy framework, including strengthening monetary policy, tax treatment, and legal certainty. The International Monetary...
Adoption

Rwanda Prohibits Financial Services Providers from Crypto Activities

The National Bank of Rwanda prohibits financial services providers from engaging in crypto activities due to regulatory concerns and risks. The National Bank of Rwanda...
Adoption

UK Considers CBDC Launch; Report to Be Released This Week

The UK government and Bank of England are planning a CBDC launch with limits, a report on the potential digital pound to be released...
Altcoin

Crypto Asset Market in 2023: Metaverse Tokens Lead the Pack

Metaverse tokens have outperformed traditional cryptocurrencies like Bitcoin and Ethereum in the first month of 2023, leading the crypto market with remarkable returns. The first...
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Cryptorrence covers Crypto, Defi, NFTs, fintech, blockchain, and more, bringing you the latest news and analyses on the future of money.

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Nigeria’s President-Elect to Introduce Blockchain in Banking Sector

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Nigeria's President-elect aims to introduce blockchain technology and crypto...

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