Bitcoin Soars In Nigeria As Government Promotes Digital Cash

By Bitcoinist - 1 sena ilu - Ħin tal-Qari: 2 minuti

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 

il 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. 

Din il-politika tal-limitu tal-irtirar tippermetti biss lin-Niġerjani li jirtiraw massimu ta’ 20,000 Naira (NGN), li jiswew madwar $43, mill-ATMs tal-pajjiż kuljum, u b’limitu ta’ 100,000 NGN, li jiswew $217.

il ittra ppubblikata 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. 

Din il-miżura għandha l-għan li allegatament telimina l-ħasil tal-flus u tnaqqas l-inflazzjoni fil-pajjiż Afrikan, li fl-aħħar rapport tar-rata tal-inflazzjoni tan-Niġerja kienet ta’ 21.34% f’Diċembru 2022. Niżlet bi ftit minn quċċata ta’ 21.47%.

Il-Bank Ċentrali tan-Niġerja ta wkoll lin-Niġerjani sal-24 ta’ Jannar biex jiskambjaw il-karti tal-flus qodma tagħhom ta’ denominazzjoni ogħla għall-munita l-ġdida. Din il-miżura ħolqot inkwiet fil-popolazzjoni; nies irrappurtaw li l-iskadenza kienet qasira wisq, li wasslet għal estensjoni. 

Relazzjoni twila tan-Niġerja ma 'Assi Kripto

Il-Bank Ċentrali tan-Niġerja mexa triq twila biex iħaddan il-muniti diġitali. Fl-2021, il-Bank Ċentrali ħareġ ċirkolari lill-istituzzjonijiet finanzjarji kollha biex jieqfu jipprovdu servizzi lill-iskambji kripto. Sejħet ukoll għall-għeluq tal-kontijiet ta 'individwi u kumpaniji li jużaw b'mod attiv il-kripto-muniti u jinnegozjaw f'assi diġitali.

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.

Din il-liġi ġiet implimentata wara li l-bank ċentrali tal-pajjiż naqas milli jintroduċi Munita Diġitali tal-Bank Ċentrali (CBDC). Dan l-assi diġitali, imsejjaħ l-e-Naira, kien aċċettat u adottat ħażin mill-popolazzjoni s-sena li għaddiet, b'rata ta 'adozzjoni ta' 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. 

Sors oriġinali: Bitcoinhuwa