“E-Naira’s Launch Is Expected in Few Days”, Tells Governor CBN 0 38

Godwin Emefiele, the Governor of Central Bank of Nigeria (CBN) has told that the launch of Nigeria’s very own CBDC i.e. e-naira is expected in a matter of few days. He informs that the waiting days are over and it is time to test e-naira to see how Nigerians responds to their national digital currency.

The Governor of the Nigerian central bank was pleased to engage with the citizens in telling them that e-naira is about to go live.

E-naira is a digital currency project which represents the digital currency developed by Central Bank of Nigeria (CBN). The project was undertaken by CBN when crypto market started to swell globally as well as regionally at the end of 2019. Within African region, Nigeria was considered to be the leader in terms of crypto adoption. However, South Africa became its competitor in the field of crypto and took a lead from Nigeria. But Nigeria decided that it will have to make sure that it develops CBDC before anyone else in Africa could do so.

Aimed with the objective of leading in CBDC project in the region, Nigeria initiated the project of “e-naira”. Now the project is almost complete and the Governor of CBN namely Godwin Emefiele is expecting e-naira’s launch in a few days. He was witnessed saying that in a matter of days Nigeria will become the first country in Africa to have launched CBDC. His statement shows that it is not too far when e-naira will be made available in Nigeria.

There were however a few ups and downs prior to the completion of the e-naira project. For instance, there was a crypto company in Nigeria whose name was “Enaira”. The company filed a suit for trademark infringement against CBN and the Government. In the suit, it was claimed that the word “enaira” is the absolute property of the plaintiff protected under the trademark law. If CBDC is named after “enaira” then it will be the infringement of property rights of the plaintiff. Consequently, CBN was forced to change the date of e-naira’s launch until the litigation is over.

However, since the e-naira project is of national importance, therefore, the Court requested the plaintiff to waive off its rights over “enaira”. Against the waiver, the Court ordered CBN to reasonably compensate the plaintiff company because it was the owner of “enaira”. CBN agreed before the Court that it will make sure that the plaintiff is compensated reasonably.

It seems now that CBN has entered into a deal with the plaintiff company. Also, the rights to use the word “e-naira” may have been acquired by CBN. If it is true then of course there is no further hurdle in the path of e-naira’s launch.

Previous ArticleNext Article

Leave a Reply

Your email address will not be published. Required fields are marked *

MELT, GTC, PAL, and more Cryptocurrencies among Highest Gainers in Past 24-hours 0 16

In the list of highest gaining cryptocurrencies, the cryptocurrency on the top is Defrost Finance (MELT). In the past 24-hours, MELT has observed a 192.83% surge in its price, surging it all the way up to $11.97 per MELT. Similar to the price surge in the past 24-hours, MELT’s trading volume in the past 24-hours has increased to $1,177,520. MELT is currently the 3220th largest cryptocurrency in the crypto-verse in terms of its $1,401,512 market valuation.

The next cryptocurrency coming after Defrost Finance is Gitcoin (GTC). In the past 24-hours, GTC has observed a 171.08% surge in its price, surging it all the way up to $25.56 per GTC. Similar to the price surge in the past 24-hours, GTC’s trading volume in the past 24-hours has increased to $1,199,791,917. GTC is currently the 264th largest cryptocurrency in the crypto-verse in terms of its $363,625,405 market valuation.

The next cryptocurrency coming after Gitcoin is PlayAndLike (PAL). In the past 24-hours, PAL has observed a 168.43% surge in its price, surging it all the way up to $0.0000016 per PAL. Similar to the price surge in the past 24-hours, PAL’s trading volume in the past 24-hours has increased to $52,540. PAL is currently the 4780th largest cryptocurrency in the crypto-verse in terms of its $144,015,382,197 market valuation.

The next cryptocurrency coming after PlayAndLike is Elonomics ($ELONOM). In the past 24-hours, $ELONOM has observed a 131.06% surge in its price, surging it all the way up to $0.02629 per $ELONOM. Similar to the price surge in the past 24-hours, $ELONOM’s trading volume in the past 24-hours has increased to $212,424. $ELONOM is currently the 3934th largest cryptocurrency in the crypto-verse in terms of its $26,633 market valuation.

The next cryptocurrency coming after Elonomics is ICE ROCK MINING (ROCK2). In the past 24-hours, ROCK2 has observed an 85.68% surge in its price, surging it all the way up to $0.01744 per ROCK2. Similar to the price surge in the past 24-hours, ROCK2’s trading volume in the past 24-hours has increased to $67,982. ROCK2 is currently the 2229th largest cryptocurrency in the crypto-verse in terms of its $274,300 market valuation.

The next cryptocurrency coming after ICE ROCK MINING is India Coin (INDIA). In the past 24-hours, INDIA has observed a 128.93% surge in its price, surging it all the way up to $0.0000006419 per INDIA. Similar to the price surge in the past 24-hours, INDIA’s trading volume in the past 24-hours has increased to $452,332. INDIA is currently the 3571st largest cryptocurrency in the crypto-verse in terms of its $3,975,380 market valuation.

Even more cryptocurrencies are joining the ranks of top gainers and among these cryptocurrencies are KING, ALLBI, HIKO, and many more.

Crypto.com is Now First-Ever Exchange that is now Adhering to SOC 2 Standards 0 17

As per the latest reports, Crypto.com has made an announcement in regards to acquiring a new certification. Crypto.com, one of the most popular cryptocurrency exchanges has announced that it is now in full compliance with the SOC 2 standards. Crypto.com is based in Singapore and it has a global user base.

The exchange has announced that it has successfully acquired the SOC 2 certification after a successful audit. The exchange has announced that it had Deloitte carry out the audit prior to granting certification.

Deloitte is a global consulting firm that has been around since 2015, is based in the United Kingdom. It is spread all over the world, currently providing its services in over 150 countries.

The SOC is reportedly a traditional finance standard that is known all over the world. With the acquisition of the SOC 2 certification, Crypto.com has become the first-ever cryptocurrency exchange to have acquired this recognition.

The SOC 2 certification is granted to traditional financial institutions that are considered highly trustworthy in the financial sector. Prior to the granting of the certification, the operations, policies, and information practices of the company are audited and attested. If the particular company is able to pass all the audits successfully, it is granted the SOC 2 certification.

After the acquisition of the SOC 2 certification, Crypto.com has now become the securest and most trustworthy trading platform or cryptocurrencies. The exchange has even earned the title of being the only cryptocurrency exchange that is now SOC 2 certified.

With the acquisition of the SOC 2 certification, Crypto.com has set a new standard that every major exchange would want to achieve. This will increase the standards of the regulatory framework within the cryptocurrency industry. Now, the major exchanges will be competing with each other in order to acquire the SOC 2 certification.

It is being expected that with the acquisition of the SOC 2 certification, Crypto.com will be able to attract a tremendous number of users.

With the SOC 2 standard in its grasp, the exchange can confidently claim to be offering the most reliable services to users. The exchange can offer high regulatory compliance, privacy, and security to the users.

The CEO and co-founder of Crypto.com, Kris Marszalek, talked about the recent achievement of their company. He stated that with the acquisition of the SOC 2 certification, they are able to prove to the world how well their exchange has been working.

Their exchange has finally achieved a new goal, which is going to increase the competition within the crypto-verse. With the new certification, they are now able to offer a lot more to the users than any other exchange.

Editor Picks

Ready To Invest in Bitcoin? - Top 4 Bitcoin Trading Brokers‎ Read More
Skip to content