2024-4-26 12:06 |
Nigeria’s president appointed the new SEC Chair to regulate the capital market, bolster investor confidence, and advance economic development.
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The crypto market saw an uptrend this week, resulting in a new Bitcoin (BTC) ATH above $70,000 amid sustained spot BTC ETF inflows. Worldcoin (WLD) recorded similar price upswings despite global regulatory issues.
2024-3-11 22:16 | |
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The Nigerian securities regulatory authority has introduced new guidelines for crypto service providers.
2024-3-8 19:34 | |
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The Nigerian Securities and Exchange Commission (SEC) has disclosed plans to introduce new regulations for crypto operators following recent challenges with Binance. New regulations The planned regulation would include licensing, registration, and screening guidelines for digital and virtual asset services providers (VASPs).
2024-3-7 15:00 | |
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Nigerian banks are still restricted from holding or trading crypto on their own behalf, despite regulators’ softening stance toward digital assets.
2024-1-4 14:19 | |
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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.
2024-1-3 18:30 | |
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A crypto analyst has revealed data depicting the Bitcoin price reaching new highs in several countries experiencing high inflationary pressures. Bitcoin Skyrockets In Countries With Inflationary Currencies According to Crypto Analyst and DeFi enthusiast, Miles Deutscher, the price of Bitcoin has reached new all-time highs in multiple countries including Turkey, Argentina, and Nigeria. Related Reading: […]
2023-10-27 14:45 | |
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The new all-time highs come despite Bitcoin still being down over 50% against its price peak of $69,000 against the U.S. dollar.
2023-10-27 08:01 | |
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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 […]
2023-6-13 22:26 | |
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The Nigerian communications ministry developed a new national blockchain strategy. The government statement made no mention of cryptocurrency, which the government banned in 2021. As part The post Nigeria approves new policy to build a "blockchain-powered" economy appeared first on AMBCrypto.
2023-5-4 18:00 | |
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A new Bitcoin lightning node in Nigeria could inspire individuals to take “control of their financial future,” node runner Megasley told Cointelegraph.
2023-1-12 18:00 | |
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The cryptocurrency market and bitcoin popularity in Nigeria have been rising in recent years. Despite the ban on crypto trades by the government in 2021, Nigerians continued to engage in cryptocurrency-related activities.
2022-12-19 14:30 | |
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The Central Bank of Nigeria might soon recognize cryptocurrencies as "capital for investment" with the new bill.
2022-12-19 13:43 | |
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Singapore, Nigeria and Hong Kong are among the countries most interested in proof-of-reserves following the FTX collapse, according to Coingecko. Singapore, Nigeria and Hong Kong lead the PoR interest A new study by Coingecko showed that countries Singapore (20.5%), Nigeria…
2022-12-16 17:37 | |
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The Nigerian government has imposed new restrictions on ATM withdrawals in an effort to increase usage of the eNaira.
2022-12-10 17:48 | |
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The Lekki Free Zone Development Company (LFZ) is in discussions with Gluwa, a blockchain technology company, as part of an effort to increase its economic impact in Nigeria. The two parties are looking to collaborate and use blockchain to promote trade cooperation, business growth, and sustainability among new and existing Free Zone enterprises. In addition, […]
2022-9-22 19:17 | |
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The Banque de France and the Central Bank of Nigeria were among eight new members announced by the Hyperledger Foundation on 12 September. Other names include CasperLabs and DSR Corp. The Banque deThe post French and Nigerian Central banks to join Hyperledger Foundation appeared first on AMBCrypto.
2022-9-13 00:00 | |
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Hyperledger Foundation has announced new participants of its Hyperledger Global Forum 2022, which is taking place Sept. 12-14 in Dublin, Ireland. The post Bank of France & Central Bank of Nigeria Join Hyperledger Global Forum 2022 appeared first on BeInCrypto.
2022-9-13 21:34 | |
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Nigerian Central Bank governor Godwin Emefiele told attendees at the eNaira Hackathon that technical upgrades will add to the attractiveness and accessibility of the CBDC.
2022-8-19 22:00 | |
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The Securities Exchange Commission (SEC) of Nigeria has put out new rules that seek to regulate digital assets in the country, signaling the full acceptance of crypto assets in Africa’s most populous nation.
2022-5-24 00:49 | |
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Rules look to clarify crypto’s role in the economy by providing a regulatory framework.
2022-5-16 07:21 | |
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Nigeria’s Securities and Exchange Commission has released new rules to guide the issuance, custody, and exchange of digital assets, while also classifying them as securities. The post Nigeria’s SEC Issues New Guidance for Crypto, Classifies Them as Securities appeared first on BeInCrypto.
2022-5-15 15:00 | |
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Nigeria’s central bank digital currency project, eNaira, is drawing attention and interest of leading financial institutions and it also gaining traction amongst other country’s central banks looking to initiate a similar project according to a report released by the International Monetary Fund (IMF) eNaira to boost remittance The report, authored by economist Jack Ree, explained […] The post Nigeria’s eNaira stablecoin becomes focus of new IMF report appeared first on CryptoSlate.
2021-11-22 11:00 | |
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Two leading distributed start-ups are going to inject new life into "banking for unbanked" concept
2021-11-17 16:00 | |
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Nigeria might soon become one of the first countries to launch its central bank digital currency [CBDC], eNaira, on 1 October. Needless to say, this has pushed other nations to consider a national CBDThe post New Zealand is in no hurry to launch a CBDC, but won't miss out on it appeared first on AMBCrypto.
2021-9-30 20:30 | |
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A learning institution in Nigeria’s Kano state, the New Oxford Science Academy, recently announced it will be accepting cryptocurrency as payment for school fees. According to the school’s proprietor, Sabi’u Musa Haruna, the institution arrived at this decision after consulting parents and guardians of the students.
2021-6-29 14:00 | |
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Nigeria’s use of multiple exchange rates regimes may have contributed to a rise in the country’s inflation rate, the latest World Bank report has said. In addition, the report says ongoing restrictions on the use and movement of foreign exchange are “further pushing up prices of food and agricultural inputs like fertilizer.” Misaligned Exchange Rates […]
2021-6-22 14:30 | |
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There has been a high level of speculation on the next country that could massively adopt Bitcoin. El Salvador’s new law granting BTC legal tender status has caused excitement, after its approval many politicians and government officials around the globe have shown support for pro-BTC legislation.
2021-6-16 20:52 | |
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In a possible policy shift, the Central Bank of Nigeria (CBN) recently allowed the local naira currency to briefly drop to a new low of USD$1 for 419. 75 nairas on May 14, 2021. However, by close of business the naira had recovered and was trading around 411.
2021-5-17 16:30 | |
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After the Central Bank of Nigeria issued a directive targeting the country’s cryptocurrency industry, bitcoin and altcoin trade volumes on centralized exchanges immediately plunged. Nevertheless, the new regulations seem to have succeeded in boosting crypto trade volumes on informal markets or on peer-to-peer trading platforms.
2021-4-18 16:30 | |
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According to new data, peer-to-peer (P2P) bitcoin trade volumes in Kenya and Ghana surged in Q1 of 2021, with the two countries now ranked second and third respectively. On the other hand, volumes in South Africa, which occupied second place in 2020, dropped marginally.
2021-4-12 15:30 | |
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It’s an aggressive strategy, but one that many Nigerians believe will ultimately end up failing. The Central Bank of Nigeria has announced a ban on using traditional banking structures to buy, sell or trade cryptocurrencies within the country.
2021-2-23 18:47 | |
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Following the outcry over the Central Bank of Nigeria’s latest directive that targets cryptocurrencies, the institution has reaffirmed its stance with another statement. In the latest five-page document, the CBN insists that this directive is intended to protect the country’s financial system from the “risks” that are associated with cryptocurrencies. Debunked Claims Still, the central […]
2021-2-10 12:05 | |
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As we reported earlier, the Central Bank of Nigeria has warned that henceforth, all financial institutions facilitating all forms of cryptocurrency transactions in the country will face the rot of regulatory bodies.
2021-2-6 19:03 | |
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Cryptofully. com is offering Nigerian investors from around the world to transfer money to Nigeria in a simple two-step process through Bitcoin. 12 September 2020, Lagos. Cryptocurrency owners can now send funds across the world to Nigerian Naira accounts without the requirement of registering on a new platform.
2020-9-29 19:46 | |
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One of Nigeria’s most brazen crypto scams, Inksnation remains operational and still invites new investors some three months after the country’s Securities and Exchange Commission (SEC) deemed its activities illegal.
2020-9-21 18:00 | |
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‘Virtual crypto assets are securities, unless proven otherwise,’ the Nigerian SEC said.
2020-9-15 02:02 | |
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Nigeria’s weakening naira currency, as well as the shortage of U. S. dollars, are forcing businesses to switch to bitcoin as the means of settling payments for international transactions. Nigerian businesses need the American currency to buy new supplies, as well as to order essential equipment from abroad.
2020-8-22 00:00 | |
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CampusBCAT2019 which was held on the 7th of September 2019, at the prestigious University of Ibadan organized by CryptoTVPlus, the topmost Blockchain and Cryptocurrency media platform from Africa has officially set a new record as the most attended event in the southwestern part of Nigeria bothering around the Blockchain and Cryptocurrencies.
2019-9-17 08:45 | |
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Belfrics Group launches first group of DApps on Belrium blockchain » CryptoNinjas Belfrics Group, a cryptocurrency exchange and blockchain technology company, recently launched its new range of decentralized applications (DApps) on its Belrium blockchain for utilization by small businesses to large enterprises.
2019-7-29 18:17 | |
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Nigeria, the most populous nation in Africa has announced plans to officially adopt an open banking standard powered by new technologies such as distributed ledger technology (DLT), to promote transparency in the financial services sector, according to a report by local news source the Guardian on July 1, 2019.
2019-7-2 21:00 | |
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By CCN: Around the world, the majority of searches related to cryptocurrency involve the word “Bitcoin,” a new report by ConsenSys concludes. Excepting a few Asian countries, most of the world wants to find information about Bitcoin.
2019-5-21 22:00 | |
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It’s Monday which means it’s time for a wrap-up of the weekends top cryptocurrency and blockchain headlines. Here’s Moonday Mornings for you. 1. The United Global Resolve For Peace is petitioning the Central Bank of Nigeria after thousands of the country’s residents claim to have been “defrauded” out of millions of dollars earned from trading cryptocurrencies on exchange service Paxful, The Guardian, a local Nigerian outlet reports.
2019-4-8 11:17 | |
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Children in the Rwandan village of Kasebigege are being given a greater chance to pursue a sound education as construction on a new school, developed by bitcoin marketplace Paxful, has been completed.
2018-12-3 22:11 | |
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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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Kubitx, a Pan-African financial technology startup registered in Malta, announced the beta launch of its new cryptocurrency exchange on Thursday. The platform, which supports seven digital coins for the test, including BCH and BTC, will initially be available to users in Nigeria, before the company expands it to other African countries in the coming months.
2018-10-12 00:30 | |
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Pan-African ecommerce giant Jumia may be about to launch an initial public offering (IPO), if reports are to be believed, valuing the company at around $1 billion USD. According to Reuters, Jumia, which already claims to be Africa’s first “unicorn” based on how much investment it has received, is considering a possible New York listing early next year.
2018-10-2 15:55 | |
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Indonesian cryptocurrency and payments company Pundix has introduced a point of sale terminal at a shop in Nigeria, allowing people in the West African country to make purchases using cryptocurrency, including bitcoin.
2018-9-30 01:30 | |
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Bitcoin is pushing the boundaries of economic change in Africa. In East Africa, a new deal between digital currency exchange Bitpesa and a Japanese firm shows Kenyans are using bitcoin to pay for used Japanese cars, cosmetics and electrical gadgets.
2018-9-26 17:45 | |
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Bitcoin exchange company Luno today announced the launch of its new African regional headquarters in Johannesburg, South Africa. Luno was the first crypto company to operate in Africa, with a presence in Nigeria and Cape Town, in.
2018-9-17 18:42 | |
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A judge in Nigeria reportedly adjourned proceedings in a case against Binance and two executives until May 17 to allow lawyers to review certain documents.
The CBN, through the circular, also stated that regulated financial institutions dealing in crypto or facilitating payments for crypto exchanges are prohibited.