The Institute of Capital Market Registrars (ICMR) has stressed the need for proper identity management to boost investment in the nation's capital market.
However, in what appears to be the most radical departure from the initial posture of staying away from the digital currency space, CBN recently announced that it will launch the pilot scheme of its digital currency on October 1.
The apex bank’s Director of IT, Rakiya Mohammed, during a webinar disclosed that the bank had been conducting research on its digital currency since 2017 and might conduct a proof of concept before the end of the year.
Mohammed further disclosed that the project, tagged “Project GIANT” would use the Hyperledger Fabric Blockchain.
Prior to this announcement, the CBN Governor, Godwin Emefiele, announced that the bank would be working on a digital currency during the 306th Banker’s Committee meeting.