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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...
Adoption

UK Treasury’s Vast Crypto Regulations, Seeks Feedback from Industry

The UK finance ministry proposes new rules for the crypto sector to protect consumers and seeks feedback until April 30. The UK finance ministry proposed...
Adoption

Nigeria’s 60% BTC Surge Amid Central Bank’s Shift to eNaira

Nigeria’s Central Bank’s push for digital money promotes Bitcoin adoption among citizens with a 60% premium on the NairaEX crypto exchange. In December 2022, the...
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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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