Central Bank Digital Currency Fail? Worldwide Resistance Against Central Banks Gains Momentum
Is the fear over the adoption of Central Bank Digital Currencies (CBDCs) being over-hyped? Nigeria has been used by some as an example of what may be coming to the U.S. in terms of rolling out a CBDC, as Nigeria is the first major country to do a mass rollout of CBDCs and attempt to replace cash. But now one year later, it appears that the rollout of the Nigerian CBDC, the eNaira, has been a total failure, as their Supreme Court has ruled it is "unconstitutional," and there are calls for arresting the head of the Central Bank in Nigeria. And in an article published today, March 23, 2023, it is being reported that the Nigeria Labour Congress is calling for public sector workers to start a nationwide strike next week, protesting at Central Bank branches, which could cripple the entire country. Within the past 30 days or so, several U.S. politicians have also come out publicly against Central Bank Digital Currencies. They include: U.S. Congressman Tom Emmer, South Dakota Governor Kristi N
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