Daily Archives: 14/06/2022

Nigerian Central Bank Introduces USSD Code to Improve Public Access to Digital Naira

The Central Bank of Nigeria believes that the introduction of the USSD code for the state cryptocurrency will enable almost 30% of the country’s population to access the financial services market. Central Bank of Nigeria (CBN) Deputy Governor Kingsley Obiora said at a meeting of the IMF’s Africa Department this Friday that the central bank intends to introduce a special USSD code to improve people’s access to digital naira. The regulatory framework for access to…

Swedish Central Bank called for a total ban on bitcoin mining

The Swedish central bank (Riksbank) has demanded to prevent the adoption of bitcoin in the country, worrying about financial stability and the environment. The Central Bank published a report “Cryptocurrencies and their impact on financial stability”, in which he presented the results of his own research on proof-of-work (PoW) mining. The report argues that cryptocurrencies mined in this way should be banned in the country, as PoW is an energy-intensive method that affects the environment.…