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.
Nigeria’s Central Bank Fleshes Out New Rule Allowing Crypto Firms’ Access to Bank Accounts
