2022-12-19 14:20 |
A proposed bill will lay out crypto supervisory powers of the Central Bank of Nigeria and the country's securities regulator, an official has said. origin »
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Nigeria has been clamping down on illegal activity regarding crypto in the country.
2024-12-17 18:11 | |
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The Nigerian government’s long-running hostility towards the crypto industry seems to be abating. Or is it? Noelle Acheson looks at how the recent licensing of two crypto exchanges in Nigeria may not represent the shift we’re hoping for.
2024-9-5 19:32 | |
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The Nigeria crypto market has been one of the fastest-growing crypto regions in recent years; however, despite this growth, there appears to be no regulation. The latest report from Bloomberg has signaled a shift may finally be on the horizon.
2024-8-21 04:30 | |
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Nigeria’s central bank denies false claims made by crypto media, asserting that it didn’t mandate local banks to freeze accounts associated with unlicensed crypto exchanges. The Central Bank of Nigeria (CBN) says it didn’t order local financial institutions to freeze…
2024-4-24 13:58 | |
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Nigeria's government has started a fresh crackdown on crypto firms, reportedly blocking access to several, including Binance, Coinbase and Kraken.
2024-3-7 15:17 | |
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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) […]
2024-2-23 04:00 | |
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After Nigeria had instituted a crypto ban for months, the Nigerian Communications Commission (NCC), as well as academics, government officials, and technology enthusiasts, have discussed the advantages of emerging technologies such as Blockchain in boosting the economy.
2022-4-28 04:21 | |
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Nigeria had already taken steps to disable citizens' participation in transacting using crypto but now it was moving forward to surveil the bank accounts of its citizens. According to the latest updatThe post Nigeria banks tracking, flagging crypto transactions of customers appeared first on AMBCrypto.
2021-11-12 00:30 | |
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During a crypto summit held by British financial newspaper City A. M. , decentralized finance (DeFi) liquidity protocol MELD has announced a three-way partnership with Tingo Holdings, Nigeria’s largest mobile network, and Ubuntu Tribe, an ethical crypto company that tokenises natural resources.
2021-10-3 23:00 | |
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Regulatory crackdown on crypto has become quite prevalent in many parts of the world, including Nigeria. However, the country that homes one of the largest groups of crypto-traders in the world is nowThe post Nigeria's SEC forms Fintech unit to study crypto for future regulations appeared first on AMBCrypto.
2021-9-4 02:30 | |
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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 | |
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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.
2021-2-16 05:30 | |
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In this episode, Anna Baydakova and Danny Nelson discuss North Korea reportedly stealing your crypto to create nuclear weapons, Tesla rattling markets at an opportune time and Nigeria trying to ban crypto.
2021-2-15 12:00 | |
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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.
2021-2-13 16:29 | |
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Crypto and blockchain stakeholders in Nigeria have criticized the central bank’s decision to ban banks from servicing crypto firms.
2021-2-14 10:14 | |
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The Nigerian cryptocurrency community has been turning to peer-to-peer exchange platforms to continue trading.
2021-2-12 14:41 | |
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Nigeria's financial regulator has placed its plans to regulate digital currencies on hold; here's what has pushed them to this decision
2021-2-12 13:11 | |
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Nigeria’s securities regulator has backed the central bank’s crypto ban by suspending its planned regulatory framework for digital assets.
2021-2-13 13:01 | |
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The Nigerian Senate wants Central Bank Governor Godwin Emefiele and chief securities regulator Lamido Yuguda to testify about cryptocurrencies.
2021-2-12 02:04 | |
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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.
2021-2-12 14:47 | |
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Two of the world’s ten most populous countries have or are considering crypto bans: Here’s what it means.
2021-2-11 23:00 | |
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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.
2021-2-10 22:34 | |
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Both nations hope to prevent banks from providing services to crypto companies.
2021-2-10 17:54 | |
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On Feb. 8, 2021, the Central Bank of Nigeria (CBN) released an official statement on its hardline stance against crypto. The circular came in response to an announcement it made on Feb. 5, 2021.
2021-2-8 20:31 | |
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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.
2021-2-7 16:08 | |
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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.
2021-2-7 19:05 | |
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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.
2021-2-6 19:05 | |
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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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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.
2021-2-6 17:14 | |
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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.
2021-2-6 12:26 | |
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Nigeria's central bank told financial institutions they couldn't provide crypto companies or users with services on Friday.
2021-2-6 01:08 | |
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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.
2021-2-6 21:00 | |
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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.
2021-2-6 18:41 | |
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Nigeria's central bank has prohibited commercial banks from providing account services to crypto exchanges.
2021-2-6 16:55 | |
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The Central Bank of Nigeria’s “Naira defense” policy is pushing more Nigerians toward Bitcoin and crypto adoption.
2020-12-18 15:31 | |
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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.
2020-12-7 13:30 | |
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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%.
2020-12-4 06:00 | |
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Africa’s largest economy has become a bastion for crypto adoption.
2020-11-25 01:22 | |
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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.
2020-11-24 23:05 | |
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Nigeria’s Economic and Financial Crimes Commission (EFCC) is seeking the public’s help in locating Omotade Sparks Amos Sewanu, the mastermind behind the Inksnation crypto scam. According to a notice published in the local media on November 11, the EFCC wants Sewanu to respond to fraud charges relating to Inksnation’s purported crypto token- Pinkoin.
2020-11-17 23:45 | |
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Bitcoin and gold holder Dan Tapiero, says it is still early to talk of widespread crypto adoption as the proportion of users relative to the rest of the population remains low. Tapiero makes the remarks while referring to a study, which places Nigeria at top of the list of countries with the highest number of […] The post Macro Investor Dan Tapiero on Crypto Adoption: Emerging Economies Ahead of Developed States appeared first on Bitcoin News.
2020-10-20 08:30 | |
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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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The Securities and Exchange Commission (SEC) of Nigeria has designated crypto assets as securities as the authorities step up efforts to regulate Africa’s largest cryptocurrency market. The SEC says the classification of crypto assets for regulation is consistent with the country’s investment and securities laws of 2007.
2020-9-16 23:30 | |
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The Securities and Exchange Commission of Africa's most populous country said all crypto assets will fall under the regulation that covers securities exchanges and transactions.
2020-9-15 13:49 | |
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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 Securities and Exchange Commission on Monday 14 Sep. announced that it recognizes crypto assets as securities, therefore bringing them under its regulatory jurisdiction. In a statement posted on the commission’s website, the regulator explained that it classifies such assets under the regulatory guidelines of Nigeria’s Investment and Securities Act, 2007 (Section 13).
2020-9-15 21:45 | |
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Ukraine, Russia, China, South Africa, Nigeria, Kenya, and the U. S. are among the top-ranking countries by cryptocurrency adoption, according to the 2020 Global Crypto Adoption Index compiled by blockchain data analytics firm Chainalysis.
2020-9-9 19:45 | |
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With sophisticated fraud schemes seemingly overwhelming the African crypto market, there is a growing need for players in the space to help fight this scourge. Some are responding through increased educational campaigns, which they hope will not only turn the tide against scammers but will also attract masses to cryptocurrencies.
2020-8-28 10:30 | |
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Leading cryptocurrency exchanges are bullish about Africa’s growth prospects as evidenced by their ongoing forays into the continent. During the month of August, Kucoin crypto exchange announced the addition of Nigeria’s naira currency as a payment option on its peer-to-peer platform.
2020-8-26 15:03 | |
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The Labour government said the bill will give owners of bitcoin and other digital assets greater legal protection.
U.K. Prime Minister Keir Starmer appointed Tulip Siddiq as the City Minister, a role that oversees financial services including crypto.
Taiwan's crypto advocacy body, the Taiwan Virtual Asset Service Provider Association, has been formally established and the founding meeting held with 24 cryptocurrency-related entities.
The exchange could return as a FIU-registered firm after paying the fine, the report added.
This is the third test for the Province's new tool to combat money laundering.
The Federal Reserve continues to pilot a central bank digital currency, but will not issue one without executive branch and Congressional support, the report said.
India's most controversial crypto tax, the 1% TDS levy deducted at source, should be lowered to 0.01%, according to the findings of a new study.