New CNB 20k daily withdrawal limit
The central bank of Nigeria today announced a new monetary policy ahead of the general adoption of the new naira notes and fading off of the old naira notes, the limit of 20,000 nairas daily was placed on individual bank accounts and 100,000 nairas on cooperate bank accounts. This is inline with the central bank's intent to go digital and cashless, this move will help curb insecurity like kidnapping and terrorism financing as all transactions can be traced through the banks. I say make I bring the matter here make we put mouth check amm how e go be, and how e take affect us as the cryptocurrency community. To me we the cryptocurrency community in 9ja we are already used to digital life and at that, this cashless policies go help improve our privacy by making us to carry less cash even limiting the chances of point of sale private operators (POS). Because pos is also used by scammers to move limitless money around, if all this thing were CBN dey do work well, I think 9ja go make sense for everybody and I hope to see you guys contributions, observations, and criticism on this topic.