It has been on the news that Nigeria is planning to launch its own cryptocurrency in October. This is after the firm ban the operations and use of cryptocurrency in the country.

My questions are:
What are your thoughts on this issue?
Do you think it's a good idea for a crypto to be controlled by the central bank?
what will this mean to the decentralized nature of cryptocurrencies?

It will still be of same value as the naira..

Only if the people at the top will patronize it..
they've not patronize made in Nigeria cars talk more of naija crypto.. the same government will still be buying Bitcoin and the rest.

Nonsense and ingredients.

Hush go still run am

If u insult the govt in any social media platform.dem go withhold ur crypto acct.

I believe it's way to go and glad Nigeria is begining to think digital.

This is good. But as na naija we dey, they can hand the operation and management of this very important thing to one aboki lala. And within the next 2 years it will become trash.

progoh:
It has been on the news that Nigeria is planning to launch its own cryptocurrency in October. This is after the firm ban the operations and use of cryptocurrency in the country.

My questions are:
What are your thoughts on this issue?
Do you think it's a good idea for a crypto to be controlled by the central bank?
what will this mean to the decentralized nature of cryptocurrencies?

IMF said they should not try it. If they still go ahead it will backfire.
Why is IMF against it?

joinnow:

IMF said they should not try it. If they still go ahead it will backfire.
Why is IMF against it?

I think this is a concern too.