2021-2-13 13:01 |
Nigeria’s securities regulator has backed the central bank’s crypto ban by suspending its planned regulatory framework for digital assets. origin »
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The limits set by the Central Bank of Nigeria are part of a broader push to encourage digital financial transactions.
2022-12-7 05:18 | |
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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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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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Nigerian lawmakers have strongly opposed the recent action by Nigeria’s Central Bank, demanding it appears in front of the senate to explain itself. “I am strongly against the outright ban...
2021-2-11 18:12 | |
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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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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).
2021-2-11 21:00 | |
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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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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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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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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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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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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.
2021-2-6 03:00 | |
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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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Nigeria, one of Africa's largest cryptocurrency markets, has banned Bitcoin trading
2021-2-5 16:02 | |
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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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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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The Nigerian government continues to devalue its currency, the naira, according to reports from the central bank. The bank offered naira at a recent auction at 380 to the dollar, an increase of over 5%.
2020-7-7 17:13 | |
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Conceived as an alternative to traditional financial and banking solutions, cryptocurrencies have come a long way. However, despite mainstream recognition, there remain many, both in governments and mThe post Nigeria's Bitcoin interest flies in the face of Central Bank's caution appeared first on AMBCrypto.
2019-12-9 18:06 | |
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The Central Bank of Nigeria (CBN) has warned that bitcoin and digital currencies are not legal tenders but Nigerians don’t seem to care. Bitcoin Adoption Rising Despite Apex Bank, Senate Warnings In its December 2019 edition of ‘The Nigerian Banker’, the Chartered Institute of Bankers of Nigeria (CIBN) highlighted how bitcoin is booming in Nigeria, despite the central bank’s anti-crypto stance.
2019-12-9 22:33 | |
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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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A Nigerian Non-Governmental Organization, United Global Resolve For Peace (UGRF), has petitioned the Central Bank of Nigeria (CBN), the Economic and Financial Crimes Commission (EFCC) and the Ministry of Foreign Affairs.
2019-4-7 15:32 | |
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A poor and densely populated country stuck at number 137 worldwide in the economic prosperity rankings, with a per capita GDP of just about $2,000 – this would be the perfect proving ground to show once and for all that left wing economics can successfully turn the fortunes of a struggling people around, and give the world an alternative to its failing capitalist system.
2019-3-11 15:00 | |
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A large commercial bank in Nigeria has threatened to shut down an undisclosed number of cryptocurrency-related accounts without explanation. Lagos-based Union Bank claims that any decision to do so would be in line with the Central Bank of Nigeria’s (CBN) past warnings about cryptocurrency trading.
2018-11-28 02:10 | |
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In 2017, the Central Bank of Nigeria (CBN) placed a ban on traditional banking systems to halt transactions in Bitcoin and other virtual currencies saying that the “Central bank cannot control or regulate Bitcoin”.
2018-11-17 19:04 | |
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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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Nigeria’s financial technology startups have called on the Central Bank of Nigeria (CBN) to provide legal guidelines for the cryptocurrency and blockchain industry. A lack of regulation is driving investment out of Africa’s biggest economy to areas like Rwanda and Europe while fomenting uncertainty, according to the Electronic Payment Practitioners Association of Nigeria (E-ppan).
2018-11-10 02:15 | |
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The Czech National Bank, the central bank of the Czech Republic, has established a $1 million digital asset portfolio pilot, with plans to hold Bitcoin, a stablecoin and tokenized asset.
Despite growing buzz around crypto, only 3% of central banks plan to hold Bitcoin reserves over the next decade, according to OMFIF’s latest survey. Bitcoin (BTC) may be gaining traction globally, but only a sliver of central banks are planning…
Cecilia Skingsley will leave her role as head of the BIS Innovation Hub next month, cutting short her five-year term by two years amid a broader leadership reshuffle at the central bank body. The Bank for International Settlements digital currency…
The Central Bank of Brazil has initiated the second phase of its central bank digital currency project, DREX, aiming to demonstrate trade finance as a new use case. In a press release on Nov. 19, Brazil’s central bank announced it…
According to the results of the 2023 BIS survey on central bank digital currencies and crypto, only 12% of central banks are planning to issue retail CBDCs in the mid-term. A recent survey by the Bank for International Settlements (BIS)…
The BOJ hiked the benchmark borrowing cost by 10 basis points, abandoning the prolonged negative interest rate policy.
From legal issues to hackers, launching a CBDC is fraught with risks, and BIS has a big list of them to consider.