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Bitcoin sells for $85k in Nigeria as premium shoots up
The cryptocurrency market has been moving at a great pace while many countries are trying to either catch up or curtail the use of Bitcoin. The Central Bank of Nigeria [CBN] was among the latter, who The post Bitcoin sells for $85k in Nigeria as premium shoots up appeared first on AMBCrypto. дальше »
2021-2-22 15:30 | |
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IMF Representative of Nigeria Calls for Caution Over the Use of Cryptocurrencies
The International Monetary Fund (IMF) resident representative for Nigeria, Ari Aisen recently discussed the Central Bank of Nigeria (CBN) directive that targets crypto entities. In remarks made during a special virtual press briefing, Aisen repeats some of the CBN’s claims that cryptocurrencies were being used “for illegal transactions such as money laundering and drug trafficking.” […] дальше »
2021-2-20 03:00 | |
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Nigeria Crypto Ban: Bitcoin Sells for $76K as Deposits on Centralized Exchanges Plummet
According to a website that tracks the price of bitcoin across the globe, the crypto asset’s selling price in Nigeria as of February 18 stood at $ 76,000. At this price, the crypto asset is selling for $20,000 more than the approximately $52,000 that most cryptocurrency exchanges are currently quoting. The Impact of the CBN […] дальше »
2021-2-19 20:30 | |
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Nigeria: IMF voices support for central bank's decision on cryptos
Thanks to the exponential growth recorded by the cryptocurrency market lately, regulators around the world are realizing that they may have to fast-track the process of issuing guidelines with respectThe post Nigeria: IMF voices support for central bank's decision on cryptos appeared first on AMBCrypto. дальше »
2021-2-18 15:33 | |
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Nigeria and South East Asia led global crypto adoption in 2020
Statista has found that one-in-three Nigerians held or used crypto assets during 2020.
дальше »2021-2-18 08:47 | |
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Bitcoin Will Persist In Nigeria, But The Ban Changes Things
Cryptocurrency trades were central to Nigeria before an exchange ban reminder was recently issued. So, how will things change now? The post Bitcoin Will Persist In Nigeria, But The Ban Changes Things appeared first on Bitcoin Magazine. дальше »
2021-2-18 17:08 | |
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Nigeria Crypto Ban: Stakeholder Body, Politicians Assail Central Bank’s Directive to Financial Institutions
A body representing cryptocurrency and blockchain stakeholders in Nigeria has joined other crypto industry players in assailing the recent Central Bank of Nigeria (CBN) directive to banks. The CBN order, which seeks snuff out crypto entities from the banking system, took effect on February 5, 2020. дальше »
2021-2-16 05:30 | |
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How Nigerians Are Reacting To The Cryptocurrency Ban
A rule in Nigeria banning financial institutions from facilitating cryptocurrency activity has elicited a range of reactions from citizens. The post How Nigerians Are Reacting To The Cryptocurrency Ban appeared first on Bitcoin Magazine. дальше »
2021-2-16 23:29 | |
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Nigeria SEC Freezes Crypto Proposals After CB Ruling
The move comes after the CBN issued a Feb. 5 circular regarding the legality of cryptocurrency in Nigeria. As a result, the SEC is halting processes connected to bringing people and products under the SEC Regulatory Incubation Framework. дальше »
2021-2-13 16:29 | |
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More harm than good? Nigerian crypto users in disbelief over CBN ban
Crypto and blockchain stakeholders in Nigeria have criticized the central bank’s decision to ban banks from servicing crypto firms. дальше »
2021-2-14 10:14 | |
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Nigeria's SEC suspends planned crypto regulations amid central bank ban
Nigeria’s securities regulator has backed the central bank’s crypto ban by suspending its planned regulatory framework for digital assets. дальше »
2021-2-13 13:01 | |
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Acknowledging BTC Sovereignty, Nigeria Becomes Bellwether For Hyperbitcoinization
In a remarkable acknowledgement of Bitcoin’s power over the fiat system, a Nigerian senator conceded to hyperbitcoinization. The post Acknowledging BTC Sovereignty, Nigeria Becomes Bellwether For Hyperbitcoinization appeared first on Bitcoin Magazine. дальше »
2021-2-12 23:14 | |
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Binance Launches Express Mode, Adds Nigerian Naira for P2P Trading
Nigeria is the second-largest peer-to-peer (P2P) cryptocurrency market in the world. The country suffered a huge blow on Feb. 5 when its apex bank released a circular issuing a ban on cryptocurrency trading. дальше »
2021-2-12 17:13 | |
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The Future of Crypto in Nigeria After CBN Ban
In a sudden announcement on Friday afternoon, the Central Bank of Nigeria banned the trading of cryptocurrencies across the country. Crypto has always been posed as a threat to traditional financial institutions and since the inception of bitcoin regulators have struggled to come to terms with the concept of a currency out of their reach. дальше »
2021-2-12 14:47 | |
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How Nigeria and India Are Dealing With Crypto Bans
Two of the world’s ten most populous countries have or are considering crypto bans: Here’s what it means. дальше »
2021-2-11 23:00 | |
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Nigerian Bitcoin Traders Flock to P2P Exchanges Following Ban
Nigerian bitcoin (BTC) traders have vowed to continue plying their trade on peer-to-peer (P2P) exchanges and other alternative channels in the wake of the blanket ban on digital currencies by the country’s apex, the Central Bank of Nigeria (CBN). дальше »
2021-2-11 21:00 | |
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Central Bank of Nigeria Denies It Has Placed New Restrictions on Cryptocurrencies — Uses Debunked Claims to Justify New Directive
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 […] дальше »
2021-2-10 12:05 | |
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Bitcoin ‘Can’t Be Stopped’: Nigerians Look to P2P Exchanges After Crypto Ban
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. дальше »
2021-2-10 22:34 | |
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Central Bank of Nigeria Prohibits Banks to Deal with Crypto’s which Became Popular in EndSARS Protests
Binance has already disabled deposits while citizens of Africa's largest economy object to CBN’s decision. The post Central Bank of Nigeria Prohibits Banks to Deal with Crypto’s which Became Popular in EndSARS Protests first appeared on BitcoinExchangeGuide. дальше »
2021-2-7 16:08 | |
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Central Bank of Nigeria Orders Banks to Close Accounts of Crypto Clients
The Central Bank of Nigeria (CBN) has circulated a letter directing banks and financial institutions to identify and close accounts of cryptocurrency transacting entities. The directive, which took immediate effect, threatens “severe regulatory sanctions” to financial institutions that fail to comply. дальше »
2021-2-7 19:05 | |
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Central Bank of Nigeria Orders Banks to Close Accounts of Crypto Clients as Remittances via Traditional Corridors Drop by 97%
The Central Bank of Nigeria (CBN) has circulated a letter directing banks and financial institutions to identify and close accounts of cryptocurrency transacting entities. The directive, which took immediate effect, threatens “severe regulatory sanctions” to financial institutions that fail to comply. дальше »
2021-2-6 19:05 | |
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Nigerian Youths Are Unfazed By Country’s New Bitcoin Ban
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. дальше »
2021-2-6 19:03 | |
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Nigeria’s Central Bank Unconstitutionally Bans Bitcoin Bank Accounts
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... дальше »
2021-2-6 19:02 | |
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Central Bank of Nigeria to Banks: Close All Crypto Accounts
Observers until now regarded Nigeria as one of the major players on the African continent when it comes to cryptocurrency adoption. However, the latest stance by the Central Bank of Nigeria (CBN) could drastically alter this view. дальше »
2021-2-6 17:14 | |
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One Step Backward: Central Bank of Nigeria (CBN) Prohibits Crypto Transactions
The Central Bank of Nigeria (CBN) has informed banks and commercial institutions to stop processing cryptocurrency transactions. This represents a significant blow for the county that has the largest bitcoin market in Africa. дальше »
2021-2-6 12:26 | |
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Nigeria’s central bank moves to prohibit Bitcoin and cryptocurrencies
The Central Bank of Nigeria (CBN) reminded financial service businesses that dealing with cryptocurrency is prohibited. The post Nigeria’s central bank moves to prohibit Bitcoin and cryptocurrencies appeared first on CryptoSlate. дальше »
2021-2-6 03:00 | |
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Nigeria's central bank orders commercial banks to close accounts of crypto users
On 5 February 2021, Nigerian central bank mandated that all banks must close users' accounts that are connected to cryptocurrency transactions. The authority also reminded banking entities that deaThe post Nigeria's central bank orders commercial banks to close accounts of crypto users appeared first on AMBCrypto. дальше »
2021-2-6 21:00 | |
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Big Blow For Bitcoin In Africa As Nigeria’s Central Bank Bans Cryptocurrency Trading
According to data by Paxful, a top crypto trading platform, Nigeria had the second-largest crypto trading volume in the world, placing the country firmly in line to becoming one of the biggest crypto hubs in the world moving forward. дальше »
2021-2-6 18:41 | |
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Nigerian Youth Propels the Country to the Top of Google Bitcoin Search Rankings
Nigeria, one of the biggest cryptocurrency markets in the world, recently emerged as the country with the highest number of bitcoin searches globally, according to Google Trends data. The data shows that the West African country has a search score of 100, which is more than double that of its nearest rival. Youth-Driven Interest According […] дальше »
2021-1-15 07:15 | |
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Nigeria Emerges Second World’s Biggest Bitcoin Market in Just Five Years
Analysis has revealed that Nigeria has emerged as the world’s second-largest Bitcoin Market, according to the citizens’ transactions in the last few years. Following the leading peer-to-peer bitcoin marketplace, Paxful’s record, the country has traded over 60,215 Bitcoin in the last five years. дальше »
2020-12-18 21:47 | |
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Bitcoin adoption in Nigeria soars as central bank blocks remittances in Naira
The Central Bank of Nigeria’s “Naira defense” policy is pushing more Nigerians toward Bitcoin and crypto adoption.
дальше »2020-12-18 15:31 | |
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Nigeria Is Paxful’s Second Biggest P2P Bitcoin Market, Trades Top $566 Million in Five Years
Nigeria, Africa’s biggest economy and most populous nation, traded more than $566 million worth of bitcoin between 2015 and 2020, making it the world’s second-largest peer-to-peer (P2P) bitcoin market after the U. дальше »
2020-12-18 22:45 | |
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Nigeria’s Yellow Card Processes $165 Million in Crypto Remittances So Far This Year
Nigerian crypto startup Yellow Card says it processed over $165 million in volume during the first eleven months of this year. The figure represents a growth of more than 1,840% over the amount of remittances processed in the last six months of 2019. дальше »
2020-12-7 13:30 | |
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Central Bank of Nigeria Governor Decries the Use of Parallel Exchange Rate as Citizens Switch to Crypto
The governor of the Central Bank of Nigeria (CBN) Godwin Emefiele says the embrace of the parallel market exchange rate by some professionals in that country is unfair and unfortunate. The CBN governor says the parallel foreign exchange market only accounts for a share of the market that does not exceed 5%. дальше »
2020-12-4 06:00 | |
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Nigeria is establishing a framework for widescale crypto adoption
Africa’s largest economy has become a bastion for crypto adoption.
дальше »2020-11-25 01:22 | |
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Nigeria’s Finance Ministry to Collaborate With SEC on Crypto Framework
This was revealed in Lagos on Nov 24 at the ‘Fintech In Nigeria: State Of Play’ conference organized by The Economist Intelligence Unit and Mastercard. Speaking at the event, Special Adviser on ICT to the Minister, Armstrong Takang stated that the Nigerian government “sees an opportunity” in crypto and blockchain adoption, and will thus create … Continued The post Nigeria’s Finance Ministry to Collaborate With SEC on Crypto Framework appeared first on BeInCrypto. дальше »
2020-11-24 23:05 | |
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