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Will Citizens’ Distrust of Government Surveillance Stop CBDCs?
But the eNaira launch came nine months after the CBN effectively banned cryptocurrencies, which were used to fund anti-police brutality protests that swept the country in late 2020. The CBN claimed crypto jeopardized the financial system and could be used to fund terrorism and froze protestors’ bank accounts.
Elections & Lithium Mining: Why is the US Suddenly Running ‘Get Out the Vote Ads’ in Nigeria?
Last year, US-based electric vehicle company Tesla put in a bid for a contract to mine some of that Lithium, but the Nigerian government denied them. Nigeria, like most African countries, has a history of foreign powers exploiting them for their national resources while offering little value to the people of Nigeria.
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Cambodia’s central bank is working towards widespread adoption of its central bank digital currency (CBDC) with the ultimate aim of eliminating the US dollar hegemony in the country.
Cambodia to Erase US Dollar Hegemony with Project Bakong
Ms. Cat’s Chronicles 