Facebook says its new cryptocurrency will be better than Bitcoin
20 June 2019 |
10:21 am
Facebook Inc. unveiled plans for a new cryptocurrency that the social-media giant hopes will one day trade on a global scale much like the U.S. dollar. Called Libra, the new currency will launch as soon as next year and be what's known as a stablecoin -- a digital currency that's supported by established government-backed currencies and securities.
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Vice President Yemi Osinbajo has disagreed with the Central Bank of Nigeria to ban Crypto-Currencies transactions in the country.
Osinbajo spoke at the CBN/Bankers Committee’s Initiative for Economic Growth in Lagos and called on the CBN and the Securities and Exchange Commission to put in place a robust framework for the regulation of Crypto-Currencies.
The CBN had ban Crypto-Currencies usage in Nigeria a few weeks ago.
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Here are a few reasons to pick up a copy of The Guardian on Friday. Find these stories and much more when you grab a copy of The Guardian on Friday.
Nigeria launches eNaira digital currency... CBN says transactions on the platform free for 90 days
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