Holpop News

The organization came to this conclusion regarding this virtual asset, despite all the talk about CBDC’s enhanced level of security compared to Bitcoin and Stablecoin.
Institution officials expressed confidence that eNaira is often used for cross-border payments, allowing criminal organizations to launder money as well as finance terrorism and drug trafficking. The IMF called on Nigeria’s central bank to conduct another comprehensive risk assessment and compare it with approved AML (Anti-Money Laundering) protocols to combat these types of activities.
The international organization has also expressed its concerns about cybersecurity issues. The IMF is not convinced that the Nigerian team is technically proficient enough to take all the risks into account and prevent them in advance. They asked the Nigerian government to closely monitor the activities of the project developers.
The African nation’s national bank had earlier assured that the local CBDC uses a tiered customer identification model with strict daily transaction limits for each transfer. Users at the lowest level, can make transactions for amounts equivalent to no more than $120 daily. The top level has limits ranging from $487 to $2438.
Earlier edition of Crypto.ru reported that the government of Nigeria officially launched CBDC. October 25, 2021.
This was announced personally by the President of the African state Muhammadu Buhari. The implementation of digital currency eNaira was timed to coincide with the 61st anniversary of the country’s independence.