CBDCs around the world are clearly referred to as digital currency, likewise crypto currencies. However, the rule remains that CBDCs are not cryptocurrencies. It’s obvious that both are digital, and not the same. But the case of eNaira, Nigeria’s first digital currency running on a crypto blockchain is challenging this law.

Nigeria’s digital currency which was a project developed in partnership with Bitt Inc. runs on a Blockchain, just like many other CBDCs. The Eastern Caribbean Central Bank (ECCB) owned Dcash utilizes the blockchain. Bhutan’s digital Ngultrum will run on a blockchain too.

So the question is where do we put the likes of eNaira and also digital Ngultrum ?

Read More https://havwis.com/enaira-a-crypto-currency-in-disguise/

Enlighten more please.

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justking:
Enlighten more please.

You can read the full piece here https://havwis.com/enaira-a-crypto-currency-in-disguise/