MiCA Stablecoin Rules Inspire Hope in Nigeria Amid Naira's 40% Depreciation
Nigeria's cryptocurrency market exceeds $400 million, with 33.4% of Nigerians actively trading or using crypto amid a 40% depreciation of the Naira in 2024. Regulatory uncertainty and cybersecurity risks pose challenges despite $56.7 billion in crypto transactions from July 2022 to June 2023.
