crisis - News Time

CBDC adoption grows in Nigeria amidst cash crisis

Nigeria witnessing increased CBDC adoption nearly 18 months after launching its national CBDC amid an acute cash crisis. The value of eNaira transactions has increased to 22 billion nairas ($47.7 million). Nigeria is witnessing an increased Central Bank Digital Currency [CBDC] adoption nearly 18 months after launching as national fiat reserves face shortage. The central…

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Crypto should not be blamed for banking crisis: Charles Hoskinson

The notion that cryptocurrencies contributed to the banking crisis was rejected by Charles Hoskinson. In the last few weeks, there have been numerous bank failures and regulatory seizures. Charles Hoskinson refuted the idea that cryptocurrency caused the banking crisis, calling digital assets the “escape valve.” Many financial failures and regulatory seizures have occurred in recent…

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