CBN Lists Benefits Of Its Digital Currency, E-naira In Financial System
As earlier reported by nairaland.com, the Central Bank Digital Currency (CBDC) will also make it easier for the banking system to comply with existing laws such as anti-money laundering, ensuring the safety and stability of the payment system and protection against customer fraud.
One of the speakers at the ‘Central Bank Digital Currencies: Insights for the 21st Century Banker’event held at Lagos on Thursday, Lamido Yuguda, the Director-General of the Securities and Exchange Commission, who happens to be one of the key players in the successful operation of the digital currency, said that the e-Naira, which is about to be launched in later this year, would help improve the capital market when combined with vibrant inter-developmental policies, which would lead to financial inclusion, especially in the capital market.
Read Other Top News:
- JUST IN: CBN Tasks Banks On Strengthening Operational Capacity Ahead E-Naira Launch
- More Development Awaits Nigeria, As CBN gets set for eNaira
- BREAKING: CBN finally respond to the falling of Naira
- Governor- Nigeria Could Go Into Electronic voting
According to the Deputy Governor of CBN, “the central bank digital currency offers all the benefits of cash but in digital form. Any unattached digital currency is an electronic version of the cash, the legal tender. Information Guides Nigeria
“It is tremendous to also note that the currency also offers a safer option from the privately issued cryptocurrency which has been based on the possibility to enable cheaper transactions but has now been used for investment.” JAMB Result
Check and Confirm: How much is Dollar to Naira today
⚽ Start winning football betting today!
👉 Get correct FREE GG and Over 2.5 football prediction tips. Click here to join
👍Showcase your business here!
With over 1M unique users per month across all channels, we have a large audience for you to showcase your products and services. Simply get in touch via 👉 marketing@Infoguidenigeria.com.
🤑 Make Money now!
👉 Make money writing for us. Apply for Freelance writing jobs in Nigeria.
👉 Make Money as InfoGuideNigeria Advertising Agents, read more here
✍️ Be Our Guest Publisher!
Do you have a press release, breaking news, or any other helpful information to share with our growing readers? If yes, send your article to 👉 email@example.com.
We will be glad to publish it if the information is useful to our audience.
This post can be helpful to somebody else, please share it on Facebook, Whatsapp, Telegram and Twitter. There are buttons below for this (easy to use too)!
Copyright Warning!Contents on this website may not be republished, reproduced, redistributed either in whole or in part without due permission or acknowledgment.
Proper acknowledgment includes, but not limited to (a) LINK BACK TO THE ARTICLE in the case of re-publication on online media, (b) Proper referencing in the case of usage in research, magazine, brochure, or academic purposes,.
All contents are protected by the Digital Millennium Copyright Act 1996 (DMCA).
We publish all contents with good intentions. If you own this content & believe your copyright was violated or infringed, please contact us at [firstname.lastname@example.org] to file a complaint and we will take necessary actions immediately.