"The fact that Private individuals could issue cryptocurrencies pose serious dangers to Central Banks and Governments in general because money is a primary tool of control over a people you govern. When you allow that power to erode, then you lose control and no government in the world will sit back and watch it power erode away.

Thus, Central Bank Digital Currencies backed by the government is a response to the challenges of private issued currencies." Chuta Chimezie, the Founder, Blockchain Nigeria User Group said this and more while Unpacking the CBN e-Naira Project with Coffee by FPN. Listen, enjoy and share.