Economic and Financial Review
Publisher
Central Bank of Nigeria
Keywords
eNaira, Cryptocurrencies, CBDC, Central Bank Digital Currency
Abstract
As cryptocurrencies evolved and became more popular, it became obvious that the world was trending towards monetary disintegration and oversight reversal. It was becoming fashionable for technology-motivated products to be developed either to reduce or eliminate regulation of monetary transactions. The monetary system was gradually moving towards opacity that could create a ‘safe environment’ for illegal activities and open a new vista for money laundering. This of course, should be of grave concern to any monetary authority or government.
Publication Title
CBN Economic and Financial Review
Issue
4
Volume
60
First Page
171
Last Page
180
Recommended Citation
Adedipe, B (2022). Adoption of the eNaira: issues and the way forward. CBN Economic and Financial Review, 60(4). 171 - 180.