Everything you need to know about Nigerian Digital Currency eNAIRA (E-Naira), via Afrokonnect.
Personally, I am among the people that were affected by the Ban imposed On the 5th day of February 2021,
That was when the Central Bank of Nigeria (CBN) instructed banks and other financial institutions to refrain from dealing with cryptocurrency (a digital currency),
Now, that decision sparked a lot of tension among international business investors, Crypto traders/miners,
Even small businesses started shutting down too as a result of that decision by CBN.
From personal point of view: I sold all my cryptocurrencies because I was perplexed and unsure of what might happen later as a result of the ban.
Nigerian banks stopped facilitating payment for cryptocurrency exchanges,
With this, various crypto-based companies were frustrated out of the Nigerian market,
Gradually the growth of other digital and virtual currencies in Nigeria decelerated.
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