Nigeria’s push to increase oversight of digital assets aligns with recent initiatives from neighboring African nations, where cryptocurrencies have become increasingly popular as hedges against inflation. In 2022, Botswana passed a law regulating the digital assets sector despite opposition from some lawmakers in the country. Meanwhile, the Bank of Mauritius has been planning to launch a central bank digital currency, Bloomberg News reported.
Source: https://www.coindesk.com/policy/2024/01/04/nigerias-central-bank-fleshes-out-new-rule-allowing-crypto-firms-access-to-bank-accounts/?utm_medium=referral&utm_source=rss&utm_campaign=headlines