The Genius Act establishes a stablecoin framework, leading to the sale of seized Bitcoin to aid Nigeria's national budget.

1 report, 1 independent Updated Jul 21

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What happened

Some supportReported by 1 outlet

Who's involved

What this event is mainly about

Bitcoin Nigeria Donald Trump

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Part of

Stablecoin use is gaining global traction with support from Trump, posing challenges to the monetary policy of the naira in Nigeria. All 1 developments

The entities involved

Bitcoin
digital cash system and associated currency
- Both Bitcoin and Ethereum face exposure risks from quantum attacks.18:09
- Glassnode reported on Bitcoin's exposure to quantum risks.18:09
Nigeria
sovereign state in West Africa
- DBN is providing funding to Micro, Small, and Medium Enterprises (MSMEs) in Nigeria, aiming to reach traders in Onitsha.18:21
- Atiku Abubakar's actions and criticisms are impacting Nigerian democracy amid political maneuvering by APC and PDP.18:04
Donald Trump
American businessman and politician (born 1946), President of the United States (2017–2021; since 2025)
- Pete Hegseth is facing accusations regarding his actions in Iran while serving as War Secretary at the Pentagon, amidst political challenges from Massie.18:53
- EC officials, supported by Trump's suggestions, attend talks in Abu Dhabi regarding Europe's security and the Donbas conflict.18:53

Coverage

Newest first; wire copies grouped

Jul 21cnbcafrica.com