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Nigeria ‘not yet one of its top markets’ says Binance, despite high crypto adoption in African country
Binance said Nigeria is not one of its top markets amid recent issues with authorities in the African country. In a March 13 statement, the exchange revealed its extensive cooperation with local law enforcement agencies to promote the responsible growth of crypto in Nigeria. дальше »
2024-3-14 18:37 | |
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Nigeria’s Crackdown On Binance Escalates: Authorities Demand For Top 100 User Details
Nigeria has initiated a bold request to Binance, the world’s leading crypto exchange. The Nigerian government has called upon the exchange to provide comprehensive data on its top 100 users based in the country, alongside a detailed transaction history spanning the last six months. дальше »
2024-3-14 00:00 | |
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Binance-Nigeria Brawl Continues as Country Asks Exchange to Submit List of Top 100 Users
Nigeria wants Binance to give information regarding its top 100 users in the country and all transaction history spanning the past six months, the Financial Times reported on Tuesday. дальше »
2024-3-14 10:50 | |
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Nigeria’s apex bank taps Gluwa to accelerate e-Naira CBDC adoption
The Central Bank of Nigeria has partnered with Gluwa, a blockchain infrastructure firm, to drive the adoption of the country's central bank digital currency, the e-Naira. дальше »
2024-3-8 22:28 | |
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Binance Succumbs To Regulatory Scrutiny, Pulls Out Of Nigeria In Major Setback
Binance, the world’s largest cryptocurrency exchange, has suspended all Nigerian naira (NGN) services due to mounting regulatory scrutiny in the country. The decision came as the Nigerian government accused Binance of manipulating foreign exchange rates and demanded significant compensation. дальше »
2024-3-6 01:00 | |
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Nigeria hits Binance with $10B fine: Is BNB feeling the heat?
The Nigerian government has detained two Binance executives. The exchange has been accused of enabling illegal transactions in the country. Binance [BNB] finds itself in potential trouble agThe post Nigeria hits Binance with $10B fine: Is BNB feeling the heat? appeared first on AMBCrypto. дальше »
2024-3-2 16:30 | |
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Nigeria reportedly considers $10 billion Binance fine over illegal transactions and registration
The Nigerian government is reportedly considering imposing fines of up to $10 billion on Binance. Local media outlets reported that Bayo Onanuga, the special adviser to the Nigerian president, said the exchange profited from facilitating illegal transactions in the African country while the nation suffered huge losses. дальше »
2024-3-3 19:10 | |
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Binance drops Nigerian naira from P2P platform amid forex manipulation concerns
Crypto exchange Binance has removed Nigeria’s fiat currency, Naira, from the national currencies it supports on its peer-to-peer platform, according to CryptoSlate sources. Meanwhile, the Financial Times reported that two Binance executives have been detained in the country, with their passports seized. дальше »
2024-2-29 21:47 | |
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Crypto Giants In Trouble: Binance And Coinbase Grapple With Access Bans Amid Nigeria’s Crypto Crackdown
To combat financial crimes associated with the digital asset industry, Nigeria has escalated its regulatory scrutiny of major cryptocurrency exchanges, including Binance and Coinbase. According to a local media report, the African country has asked its telecommunications companies to restrict access to the websites of these crypto firms after the Central Bank of Nigeria (CBN) […] дальше »
2024-2-23 04:00 | |
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Nigeria Says This Exchange Enables Currency Manipulation by Criminals
Nigerian officials target Binance amid a broader clean-up of the country's forex markets. The post Nigeria Says This Exchange Enables Currency Manipulation by Criminals appeared first on BeInCrypto. дальше »
2024-2-23 19:30 | |
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Nigeria embraces crypto with revised policies - what now?
Nigeria is set to lift the crypto ban with new guidelines from the Apex Bank. The country continues to see a rising crypto adoption rate. Nigeria has been actively discussed in cryptocurrencThe post Nigeria embraces crypto with revised policies - what now? appeared first on AMBCrypto. дальше »
2024-1-3 18:30 | |
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How Nigeria Plans to Win Over Share of Potential $15 Trillion AI Market
Nigeria is developing a national AI strategy to tap into the potential $15 trillion AI market by 2030. The country is also working on a National Blockchain Policy to boost its digital economy. The post How Nigeria Plans to Win Over Share of Potential $15 Trillion AI Market appeared first on BeInCrypto. дальше »
2023-8-30 19:15 | |
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Nigeria’s New Crypto Tax Policy Could Set The Tone For Africa’s Positive Web3 Relationship
The country’s 2023 budget is riddled with an 11 trillion naira budget deficit and 6 trillion naira debt service cost, so it is looking for new avenues to fund its budget, observers say. Nigeria has placed a 10% tax on digital asset profits in the latest Nations Finance Act 2022 amendment. The tax will include […] дальше »
2023-6-13 22:26 | |
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Binance Hit With Suspension Notice In Nigeria By Market Regulator
In a significant move, Nigeria’s market regulator has issued a directive to suspend the operations of Binance, the largest cryptocurrency exchange globally, within the country. The regulator stated that the exchange’s local unit, which had been attracting Nigerian investors through its website, was operating illegally. дальше »
2023-6-12 17:41 | |
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Binance Nigeria Declared Illegal Despite Country’s Blockchain Technology Push
On June 9, the Nigerian SEC declared that Binance was operating illegally in the country as it was neither registered nor regulated by the Commission. The post Binance Nigeria Declared Illegal Despite Country’s Blockchain Technology Push appeared first on BeInCrypto. дальше »
2023-6-10 13:41 | |
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Nigeria CBDC experiment stumbles amid public resistance: Report
According to a report on ZeroHedge, the Central Bank of Nigeria’s (CBN), efforts to move the country towards replacing physical currency with eNaira faced significant resistance, leading to protests nationwide. дальше »
2023-5-23 17:26 | |
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Nigeria finally implements its blockchain policy
The Nigerian government has approved its national blockchain policy. It aims to institutionalize blockchain technology and its components in the nation. Nigeria, the most populous country in Africa, is finally ready to bring regulatory clarity to its blockchain industry and… дальше »
2023-5-4 13:17 | |
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Nigerian government formally approves blockchain use
The Nigeria Federal Executive Council has approved the National Policy on Blockchain drafted by the Federal Ministry of Communications & Digital Economy, paving the way for the formal use of blockchain technology in the country. дальше »
2023-5-4 20:30 | |
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Nigerian crypto foreign investment is at a record low: Study
Foreign direct investment in Nigeria fell by 33% last year due to a severe shortage of dollars, which discouraged crypto companies from expanding into the country. дальше »
2023-4-6 12:20 | |
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Nigeria latest country to create regulatory framework for stablecoins... Details inside
The central bank of Nigeria has released a report to examine the development of a regulatory framework for the potential use of stablecoins. The report also focuses on the national CBDC, eNairaThe post Nigeria latest country to create regulatory framework for stablecoins. дальше »
2023-1-11 12:30 | |
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Less than 0.5% Nigerians have used the country’s CBDC e-Naira a year after its launch
Nigeria’s Central Bank Digital Currency (CBDC) e-Naira is failing because of low adoption rates while the government is trying to drive adoption higher, Bloomberg News reported. The post Less than 0. дальше »
2022-12-28 17:45 | |
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LBank Welcomes Nigeria’s Push to Recognize Crypto as Investment Capital
Nigeria has put forward a significant legislation design that will further facilitate cryptocurrency adoption in the country with over 200 million inhabitants. Why this matters: If the Investments and Securities Act, 2007 (Amendment) Bill passes, the Nigerian securities and exchange commission (SEC) will recognize cryptocurrencies and other digital assets as capital for investment. дальше »
2022-12-25 15:03 | |
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LBank welcomes Nigeria’s push to recognize crypto as investment capital
Nigeria has put forward a significant legislation design that will further facilitate cryptocurrency adoption in the country with over 200 million inhabitants. Why does this matter? If the InvesThe post LBank welcomes Nigeria’s push to recognize crypto as investment capital appeared first on AMBCrypto. дальше »
2022-12-23 15:45 | |
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Is Nigeria stepping into El Salvador's shoes? This update can clear the air
Nigeria may legalize the usage of Bitcoin soon More people from the country were switching to cryptocurrencies as their economy faltered As per an 18 December article by a Nigerian newspaperThe post Is Nigeria stepping into El Salvador's shoes? This update can clear the air appeared first on AMBCrypto. дальше »
2022-12-20 18:30 | |
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Nigeria to Pass Law Legalizing Bitcoin Trading
Coinspeaker Nigeria to Pass Law Legalizing Bitcoin Trading If the suggested regulation efficiently solves the increasing Bitcoin use in the country, it possesses the power to catalyze the economy of Africa's most populated country. Nigeria to Pass Law Legalizing Bitcoin Trading дальше »
2022-12-19 13:32 | |
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Nigeria set to recognize crypto as an investment class
Nigeria lawmaker Babangida Ibrahim said that the country is set to recognize cryptocurrencies as an investment class in its proposed investments and securities amendment bill, local Punch news reports. дальше »
2022-12-19 13:15 | |
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Nigeria forces CBDCs by limiting ATM cash withdrawals over $225 a week
To further its "cash-less Nigeria" policy and promote the usage of the eNaira, Nigeria's Central Bank's Digital Currency, the country has dramatically curtailed the amount of cash that people and busiThe post Nigeria forces CBDCs by limiting ATM cash withdrawals over $225 a week appeared first on AMBCrypto. дальше »
2022-12-7 13:53 | |
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Binance In Talks With Nigeria, Looks To Establish A Crypto-Friendly Zone
Authorities in Nigeria and cryptocurrency exchange Binance Holdings Ltd. are in talks tto create a digital economic zone that will support blockchain technology adoption by businesses in the West African country. дальше »
2022-9-8 00:59 | |
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Nigeria in talks with Binance for a Digital City
The Nigerian government has tapped leading cryptocurrency exchange Binance to help develop a crypto-friendly digital economic zone in the country. Announced on Saturday by the Nigeria Export Processing Zone Authority (NEPZA), the project is targeted at promoting digital entrepreneurship around blockchain technology. дальше »
2022-9-5 19:15 | |
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