Blockchain Sleuthing Firm Calls Nigeria ‘Focal Point’ for Africa’s Crypto Scams
These scams are raking in tens of thousands of dollars in crypto a month, blockchain analytics firm Whitestream determined.
Crypto communities world-wide have found ways around government bans, and Nigeria is no exception.
A central bank official said Nigeria has been researching CBDCs for two years.
Rakiya Mohammed, the bank's information technology director, revealed the date during a private webinar on Thursday.
Deputy Governor Adamu Lamtek said the CBN is not discouraging people from trading in cryptocurrency.
The "Naira 4 Dollar Scheme" is a bid to funnel remittances through official channels. Meanwhile, peer-to-peer bitcoin remains popular.
Some Nigerians plan to continue using bitcoin (BTC) and other cryptocurrencies despite a directive issued by the Central Bank of Nigeria (CBN) last week ordering banks to close down accounts associated with cryptocurrencies.