Bitcoin Soars In Nigeria As Government Promotes Digital Cash

By Bitcoinist - prije 1 godinu - Vrijeme čitanja: 2 minute

Bitcoin Soars In Nigeria As Government Promotes Digital Cash

Bitcoin (BTC) has seen an exponential increase in demand in Nigeria as the country’s central bank encourages the population to switch to digital cash. As a result, the price of Bitcoin has escalated tremendously above global market levels. 

The cost of one Bitcoin on Nigeria’s Crypto exchange NairaEx is currently trading at around 17.6 million Naira, Nigeria’s currency, equivalent to $38,200 U.S. dollars. This represents an increase of almost 60% compared to Bitcoin’s current price of $23,150 as of this writing. 

Nigeria Bets On Bitcoin And Digital Assets Adoption 

The Bitcoin pump in this Nigeria’s cryptocurrency exchange comes after the country’s central bank began limiting over-the-counter (OTC) cash withdrawals by individuals and corporate organizations per week. 

Ova politika ograničenja povlačenja omogućava samo Nigerijcima da podignu maksimalno 20,000 Naira (NGN), u vrijednosti od oko 43 USD, sa bankomata u zemlji dnevno, i uz ograničenje od 100,000 NGN, u vrijednosti od 217 USD.

The pismo objavljeno in December 2022, in which the Central Bank of Nigeria redesigned its policy regarding cash withdrawal limit, has resulted in a premium being added to the price of Bitcoin in the African country. 

Ova mjera ima za cilj navodno eliminaciju pranja novca i smanjenje inflacije u toj afričkoj zemlji, koja je u posljednjem izvještaju nigerijske stope inflacije iznosila 21.34% u decembru 2022. Ona je blago pala sa vrhunca od 21.47%.

Centralna banka Nigerije je također dala Nigerijcima rok do 24. januara da zamjene svoje stare novčanice većeg apoena za novu valutu. Ova mjera izazvala je nemir u stanovništvu; ljudi su prijavili da je rok prekratak, što je dovelo do produženja. 

Duga veza Nigerije sa kripto imovinom

Centralna banka Nigerije je prešla dug put u prihvatanju digitalnih valuta. Centralna banka je 2021. godine izdala cirkular svim finansijskim institucijama da prestanu pružati usluge kripto berzama. Također je pozvao na zatvaranje računa pojedinaca i kompanija koje aktivno koriste kriptovalute i trguju digitalnom imovinom.

A few months later, Nigeria planned to pass a law recognizing Bitcoin and digital assets as capital for investment. This industry has generated a lot of interest and alternatives to diversify capital and provide solutions to economic problems in different countries.

Ovaj zakon je implementiran nakon što centralna banka zemlje nije uvela digitalnu valutu Centralne banke (CBDC). Ova digitalna imovina, nazvana e-Naira, bila je loše prihvaćena i usvojena od strane stanovništva prošle godine, sa stopom usvajanja od 0.5%.

Nigeria has also been in talks with Binance, the world’s number one crypto exchange, to develop an economic zone to support crypto and blockchain businesses in the region.

Bitcoin has begun a correction as of press time, falling 4.6% in the last 24 hours. And 0.1% down in the last seven days in the global markets. Investors expect the Federal Open Market Committee (FOMC) meeting tomorrow to have an impact in the price action. 

Izvorni izvor: Bitcoinje