Nigeria’s push for CBDC via cash withdrawal limits further erodes anonymous transactions

By limiting cash withdrawals, the Central Bank of Nigeria (CBN) is further eroding the ability to transact anonymously as it pushes the eNaira Central Bank Digital Currency (CBDC). Launched in October, 2021, Nigeria’s CBDC has seen an abysmal adoption rate, with less than 0.5% of the population using the eNaira. On Tuesday, Nigeria’s central bank … Continue reading Nigeria’s push for CBDC via cash withdrawal limits further erodes anonymous transactions