2021-2-6 01:08 |
Nigeria's central bank told financial institutions they couldn't provide crypto companies or users with services on Friday.
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Nigeria’s central bank has frozen the accounts of two cryptocurrency traders and an entity. In furtherance of the Central Bank’s policy, a local bank has unveiled guidelines to stifle the activities of crypto investors.
2021-11-12 22:45 | |
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Nigeria’s central bank has ordered commercial banks to not facilitate services to crypto exchanges. “The Bank hereby wishes to remind regulated institutions that dealing in cryptocurrencies or facilitating payments for...
2021-2-6 19:02 | |
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A large commercial bank in Nigeria has threatened to shut down an undisclosed number of cryptocurrency-related accounts without explanation. Lagos-based Union Bank claims that any decision to do so would be in line with the Central Bank of Nigeria’s (CBN) past warnings about cryptocurrency trading.
2018-11-28 02:10 | |
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In 2017, the Central Bank of Nigeria (CBN) placed a ban on traditional banking systems to halt transactions in Bitcoin and other virtual currencies saying that the “Central bank cannot control or regulate Bitcoin”.
2018-11-17 19:04 | |
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Central Bank of Nigeria (CBN), which doesn’t recognize cryptos as legal tender are getting requests from the country’s Fintech startups to provide legal guidelines for the cryptocurrency and blockchain industry.
2018-11-12 08:00 | |
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Nigeria’s financial technology startups have called on the Central Bank of Nigeria (CBN) to provide legal guidelines for the cryptocurrency and blockchain industry. A lack of regulation is driving investment out of Africa’s biggest economy to areas like Rwanda and Europe while fomenting uncertainty, according to the Electronic Payment Practitioners Association of Nigeria (E-ppan).
2018-11-10 02:15 | |
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Can bitcoin be used for social good? If anyone thinks so, it’s Ray Youssef, the CEO of peer-to-peer bitcoin platform Paxful. A successful entrepreneur in the crypto and blockchain space, Youssef comes from humble beginnings and understands the importance of maintaining control over one’s finances.
2018-9-15 21:50 | |
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The country's facing a crippling foreign exchange crisis and looking for ways to limit capital outflows, including via crypto.
Nigerian banks are still restricted from holding or trading crypto on their own behalf, despite regulators’ softening stance toward digital assets.
Pan-African exchange Yellow Card has said it will seek licensing in the country.
The Nigerian cryptocurrency community has been turning to peer-to-peer exchange platforms to continue trading.
The Nigerian Senate wants Central Bank Governor Godwin Emefiele and chief securities regulator Lamido Yuguda to testify about cryptocurrencies.
Some Nigerians plan to continue using bitcoin (BTC) and other cryptocurrencies despite a directive issued by the Central Bank of Nigeria (CBN) last week ordering banks to close down accounts associated with cryptocurrencies.
Both nations hope to prevent banks from providing services to crypto companies.