Nigeria Government Demands $10B From Crypto Exchange Binance: BBC

2024-3-1 18:53

The exchange allegedly enabled funds to leave Nigeria while the country is trying to restrict capital outflows.

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Safe Exchange Coin (SAFEX) на Currencies.ru

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Объем 24H $1.742k
Изменеия 24h: 1.41 %, 7d: -8.63 %
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Капитализация $6.099m Rank 99999
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exchange nigeria leave country outflows capital restrict

exchange nigeria → Результатов: 75


Binance Regulatory Issues To Persist As BDC Union Pushes Against Operations In Nigeria

Binance faces increasing regulatory scrutiny as a Nigerian trade union calls for the Federal Government of Nigeria to ban the exchange’s operation within the West African nation.  In a Tuesday Interview with the News Agency of Nigeria (NAN), Aminu Gwadabe, President of the Association of Bureaux De Change Operators of Nigeria (ABCON), expressed that the […]

2023-8-10 05:00


Regulators Tell Nigerians To Stay Away From Binance, Here’s Why

Nigeria’s Securities and Exchange Commission (SEC) has warned Nigerians against investing or trading on Binance, the world’s largest crypto exchange by trading volume. The Commission, as part of its “statutory mandate of investor protection,” warned local investors of the risk of trading in crypto assets, tagging it as a “high level of risk” which may […]

2023-8-2 03:00


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.

2022-12-25 15:03


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Top cryptocurrencies that have mainstream adoption potential

Nigeria is set to pass a bill that can recognize Bitcoin (BTC/USD) as well as cryptocurrencies. The main goal is to keep up with global practices, and if the Investments and Securities Act 2007 (Amendment) Bill is signed into law, it could enable the local Securities and Exchange Commission to recognize cryptocurrency and other digital […] The post Top cryptocurrencies that have mainstream adoption potential appeared first on Invezz.

2022-12-19 16:17


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T.E Markets Ltd Set To Launch Its Crypto Currency And Africa’s first Consolidated Exchange

T. E Markets Limited, has launched its own cryptocurrency; XTEMCoin with presale starting on Monday 28th, June on their website, www. tem-coin. com. T. E Markets Ltd is a Holding Company registered in Seychelles with running projects in South Africa, Zimbabwe, Zambia, Nigeria, Kenya, the Democratic Republic of Congo, United States of America and soon in Ghana.

2021-7-3 15:32


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New World Bank Report: Nigeria’s Exchange Rate Policies Fueling Inflation, Affecting Food Prices

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


African Crypto Exchange Quidax Raises Over $3 Million

LAGOS, Nigeria – On what could be tagged as the worst day of crypto this year, the African-founded exchange, Quidax, raised over 7,772 BNB from the public sale of its token, QDX. The crypto market suffered its first major dip in 2021 on Thursday, May 19 with Bitcoin dropping as low as $30,000 from highs … Continued The post African Crypto Exchange Quidax Raises Over $3 Million appeared first on BeInCrypto.

2021-5-25 12:57


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Official Remittances to Nigeria Plummet by Almost 40% in a Year When Crypto Use Surged

According to the latest data from the World Bank, international money transfers into Nigeria dropped by nearly 40% from $23.8 billion recorded in 2019 to $17.2 billion in the past year. Yet despite this fall, remittances, which account for 4% of the country’s GDP, still remain an important source of foreign exchange for the oil-rich […]

2021-5-14 10:00


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Nigerians Shun Local Currency— Seek to Protect Wealth From Inflation and Currency Depreciation with Foreign Currency

Nigerians are thought to be accumulating foreign currencies which they believe will protect their wealth from the naira’s volatility as well as the surging inflation. Further, as a research paper in a journal published by the Central Bank of Nigeria (CBN) found, Nigerians’ use of dollars exceeds IMF’s 30% threshold. Exchange Rate Volatility and Currency […]

2021-4-23 13:30


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Nigeria’s SEC in Talks With Central Bank of Nigeria Over Crypto Regulation— 2020 Crypto Guidelines Still Suspended

Nigeria’s Securities and Exchange Commission (SEC) has revealed that talks with the Central Bank of Nigeria (CBN) regarding the regulation of cryptocurrencies are ongoing. The securities regulator also reiterated that due to a CBN directive that was issued on February 7, 2021, the crypto guidelines it issued in September 2020 remain suspended. Crypto Guidelines Set […]

2021-4-17 04:30