On February 22, the International Monetary Fund (IMF) pointed out in a report released recently that as the use of eNaira expands to cross-border fund transfers and correspondent banking networks, it may lead to new money laundering and terrorist financing.
Therefore, the IMF recommends that the Nigerian central bank actively respond to the risks posed by eNaira through a layered identity verification system, strengthening anti-money laundering and anti-terrorist financing regulations, and strengthening anti-corruption governance.
Earlier news, in October 2021, Nigeria announced the launch of the central bank’s digital currency eNaira to the public, hoping to promote the development of financial inclusion.
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