Nigeria Pushes CBDC Usage With New ATM Cash Withdrawal Limits By BtcCasey Nigeria is trying to push the government's CBDC, the eNaira, via regulations limiting the usage of cash. Citizens will now face hard caps on the amounts they're allowed to pull out of ATMs, and will face percentage charges on withdrawals from banks exceeding certain amounts. These types of regulations simply act as inconveniences as the adoption of the government CBDC has, as reported by Bloomberg, not exceeded 0.5% of the population. CBDCs are dystopian control mechanisms that allow governments to have total control over citizen's money, and Bitcoin Magazine has had several articles detailing their dangers and their improbability. |