A Critical Examination of the Benefit of E-naira Platform to Nigeria Citizens
A Critical Examination of the Benefit of E-naira Platform to Nigeria Citizens
CHAPTER ONE
INTRODUCTION
1.1 Background Of The Study
According to the Financial Action Task Force (FATF 2014), digital currency is a digital representation of value that is digitally transmitted while functioning as a medium of exchange, unit of account, and store of value, and it works exclusively by agreement among virtual currency users. Similarly, The European Banking Authority (2015) defined virtual currency as "a digital representation of value that is not issued by a central bank or a public authority, is not necessarily attached to a fiat currency, but is accepted as a means of payment by natural or legal persons and can be transferred, stored, or traded...