Federal finance and statistics / Central Bank of Nigeria

Adoption of the eNaira: Issues and the Way Forward

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 gra | Keywords: e-money, CBDC, eNaira