Bitcoin News Post
No Result
View All Result
  • Home
  • Latest News
    • Crypto News
    • Bitcoin News
    • Ethereum News
    • Altcoin News
    • Ripple News
    • Litecoin News
  • Analysis
  • Blockchain
  • Exchanges
  • Business
  • Regulation
LIVE PRICES
  • Home
  • Latest News
    • Crypto News
    • Bitcoin News
    • Ethereum News
    • Altcoin News
    • Ripple News
    • Litecoin News
  • Analysis
  • Blockchain
  • Exchanges
  • Business
  • Regulation
No Result
View All Result
Bitcoin News Post
No Result
View All Result

The Central Bank of Nigeria to Conduct its Central Bank Digital Currency Pilot on October 1

by BNP
July 23, 2021
in Blockchain News
0
Share on FacebookShare on Twitter


The Central Financial institution of Nigeria (CBN) formally introduced that it’s going to formally pilot its central financial institution digital foreign money (CBDC) on the Hyperledger Material blockchain on October 1.

Rakiya Mohammed, Director of Info Know-how on the Financial institution of Nigeria, acknowledged in a webinar that it’s doable to conduct a corresponding proof of idea (POC) by the top of this yr on the newest.

In response to stories, this mission “GIANT” will function on the Hyperledger Material blockchain, devoted to offering non-public corporations with blockchain-based merchandise, options, and functions.

The Central Financial institution of Nigeria acknowledged that about 80% of central banks worldwide are issuing CBDC or have already issued their CBDCs, together with Thailand, China, the US, South Korea, Ghana, Philippines, and so on.

Nigeria’s Central Financial institution additionally acknowledged that Nigeria additionally wants to hitch the CBDC observe to facilitate the macro-control of the nation and the facilitation of cross-border commerce.

As early as earlier than, Nigeria has at all times maintained a hostile angle in the direction of cryptocurrencies. As reported by Blockchain.Information on February 8 this yr, the Central Financial institution of Nigeria (CBN) has doubled down its efforts to cripple cryptocurrency transactions within the nation, stating they’re a breeding floor for unlawful actions.

Picture supply: Shutterstock



Source link

ShareTweetPin

Related Posts

HKMA Stablecoin Regulations to Demand Backing by Underlying Assets

by BNP
February 1, 2023
0

The Hong Kong Financial Authority (HKMA) was not profitable in figuring out a location throughout the core ideas of the...

Kazakhstan Seeks to Improve Cryptocurrency Trading Framework

by BNP
January 31, 2023
0

Kazakhstan, which is dwelling to one of the crucial vital Bitcoin (BTC) mining operations on the earth, has launched a...

Blockchain provider SIMBA Chain awarded $30M by US Air Force STRATFI program

by BNP
February 1, 2023
0

Blockchain options supplier SIMBA Chain has been chosen for a $30 million Strategic Expertise Focus Initiative (STRATFI) by the US...

Bitcoin Rallied over the Weekend and UK Treasury is in Search for a CBDC Head – Blockchain News, Opinion, TV and Jobs

by BNP
January 31, 2023
0

By Marcus Sotiriou, Market Analyst on the publicly listed digital asset dealer GlobalBlock (TSXV:BLOK).  Bitcoin continued its comeback over the weekend, because it...

ETH to peak at $2,474 in 2023 According to Finder’s Ethereum Price Predictions Report  – Blockchain News, Opinion, TV and Jobs

by BNP
February 1, 2023
0

Ether is sure for one more unstable yr in 2023, based on Finder.com’s newest Ethereum Value Predictions Report. Finder’s panel...

ADA-backed algorithmic stablecoin ‘Djed’ launched on Cardano

by BNP
January 31, 2023
0

Since the autumn of the TerraUSD (UST) algorithmic stablecoin in Could 2022, many customers within the crypto area have developed a weariness...

Load More
Next Post

Coinbase and top execs face securities class action over Nasdaq listing

Bitcoin News Post

Get the latest Bitcoin news & Cryptocurrency updates from the world's top trusted sources.

  • Home
  • Privacy Policy
  • DMCA
  • Disclaimer
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © Bitcoin News Post.

No Result
View All Result
  • Home
  • Latest News
    • Crypto News
    • Bitcoin News
    • Ethereum News
    • Altcoin News
    • Ripple News
    • Litecoin News
  • Analysis
  • Blockchain
  • Exchanges
  • Business
  • Regulation

Copyright © Bitcoin News Post.

  • DSLA ProtocolDSLA Protocol(DSLA)$0.003679-6.88%
  • lympoLympo(LYM)$0.004392-4.43%
  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • RelevantRelevant(REL)$0.791.67%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • Dev ProtocolDev Protocol(DEV)$1.76-16.14%
  • B-cube.aiB-cube.ai(BCUBE)$0.183584-4.85%
  • Shard CoinShard Coin(SHARD)$0.216756-21.17%
  • Finance VoteFinance Vote(FVT)$0.007875-2.41%
  • Value DeFiValue DeFi(VALUE)$0.554.96%