Speedy stablecoin progress is easing longstanding frictions in cross-border transactions in Nigeria, but is testing the bounds of the nation’s present financial and regulatory frameworks, the Worldwide Financial Fund has stated.
In a report revealed on June 16, the IMF defined the recognition of dollar-backed digital belongings in Nigeria and set out 4 priorities for managing the dangers they posed.
In response to the IMF, Nigeria acquired round $59 billion in crypto asset inflows between July 2023
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