The Central Bank of Nigeria has been fining banks in an attempt to prevent dealing in cryptocurrencies, but can this succeed in a country where the local currency is losing value at an alarming rate?
Paraguay might be the next country to adopt Bitcoin as its official currency techstory.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techstory.in Daily Mail and Mail on Sunday newspapers.
Additionally, the report states that Africa has experienced the highest adoption rates in the world in the areas of Kenya, Nigeria, South Africa, and Tanzania in a year in which the market for digital currencies grew by over 1,200%