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Nigeria
Nigeria's SEC Mulls Allowing Tokenized Equity, Property but Not Crypto: Bloomberg
The regulator is considering applications for digital asset exchanges on a trial basis.
Nigeria's eNaira Wallet Use Jumps Amid Cash Shortages: Bloomberg
Nigerians have been turning to the country's central bank digital currency (CBDC) eNaira, amid cash shortages, according to Bloomberg. The number of eNaira wallets has jumped more than 12-fold to 13 million since October, and the value of transactions has climbed 63% this year. The CBDC was introduced in October 2021. "The Hash" panel discusses the eNaira experiment and crypto's use case as an alternative to economic uncertainty.
Nigeria's eNaira Wallet Use, Transactions Climb Amid Cash Shortages: Bloomberg
The number of eNaira wallets has jumped more than 12-fold to 13 million since October, and the value of transactions has climbed 63% this year.
WomenInDeFi Brand Strategist on Women In Crypto: Blockchain Gives us Opportunities
As part of International Women's Day, WomenInDeFi Brand Strategist Umeh Chinonye discusses how blockchain and Web3 technology are bringing more opportunities to women, particularly in Nigeria. "Blockchain give voices to the unseen," Chinonye said.
International Women’s Day 2023: Women in Crypto
As part of International Women's Day, WomenInDeFi Brand Strategist Umeh Chinonye, along with MenaPay CEO and co-founder Çağla Gül Şenkardeş, join "First Mover" to discuss how women in crypto are fighting for the underrepresented in the space from Nigeria to Turkey.
Nigerians’ Rejection of Their CBDC Is a Cautionary Tale for Other Countries
Nigerians are protesting the African country's digital currency and demanding renewed access to paper money, despite government incentives.
Nigeria Picks Bola Tinubu as President Amid Cash Shortages
Tinubu will replace Muhammadu Buhari, whose government issued the eNaira and banned banks from interacting with crypto firms.
How Nigeria’s Presidential Election Could Impact Crypto Adoption
Reuters reports that candidate Bola Tinubu is currently in the lead for Nigeria's presidential election, but opposition parties are flagging concerns of fraud. This comes as the New York Times reports that fights have broken out at banks in the past week as the country faces cash shortages. Afropolitan Co-founder Eche Emole discusses the state of economic uncertainty in Nigeria, how the election could impact bitcoin adoption and the use cases of crypto as a tool for financial freedom.
Nigeria's Digital Currency eNaira Faces Setback Despite Cash Shortages
Nigeria is struggling with severe cash shortages, with riots erupting across the country just days before a presidential election. Still, people are not turning to the national digital currency, the eNaira, which promised to improve retail payments. "The Hash" panel discusses the case for crypto adoption and CBDCs in Nigeria amid economic uncertainty in the country.