Nigeria Limits ATM Withdrawals To $45 Per Day To Force Govt-Controlled Digital Payments

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Can you say 'black market'...?

Nigeria Limits ATM Withdrawals To $45 Per Day To Force Govt-Controlled Digital Payments​

BY TYLER DURDEN
THURSDAY, DEC 08, 2022 - 04:55 AM

A staggering number of Nigerians love Bitcoin, but hate government cryptocurrency (CBDCs).

In April, leading cryptocurrency exchange KuCoin noted that 35% of the adult population in Nigeria - roughly 34 million adults aged 18-60, own bitcoin or other cryptocurrencies. But when it came to the country's Central Bank Digital Currency (CBDC), the eNaira, it was a massive failure.

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