IMF Backs Nigeria’s Crypto Adoption Amid SEC Crackdown
The International Monetary Fund (IMF) has thrown its weight behind Nigeria’s adoption of cryptocurrencies, recommending the licensing of global cryptocurrency exchanges. This move aims to address Nigeria’s macroeconomic challenges, including currency instability and inflation, while bolstering its position in Africa’s burgeoning crypto market. Nigeria has faced significant economic hurdles, with a notable issue being the…