Cryptocurrencies in Emerging Markets

In this i m f report, i came across a new term, cryptoisation. It refers to the risk of currency substitution occurring in emerging markets. That's exactly what's happening in nigeria. Nigeria has a huge portion of the population that is using bit coin and shik coins. Is at 28%. And the nigerian government, rit it it, has done everything in their power to pit. They released their own the nira, the enira, which is the central bank digital currency version of the n Nigerian currency. People are just choosing not to use it. Why? It has more hoops to look at. Al salvador, forty years of traditional banking, a

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