2021-2-10 22:34 |
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. origin »
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If there’s a place where cryptocurrencies draw significantly more attention than anywhere else right now, it has to be Nigeria. Africa’s largest economy is driven by its oil exports, expanding manufacturing, financial services, communications and information technology sectors, but also by a tech-savvy generation that asks Google about Bitcoin more than its peers in other […] The post Nigerians Can Now Buy Bitcoin With Cash From Stores and ATMs That Take Naira appeared first on Bitcoin News.
2020-3-8 11:05 | |
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Higher prices since the start of the year have been restoring popular interest in cryptocurrencies. Google searches for “bitcoin” have increased since December to about half of those registered in June last year.
2020-2-18 11:15 | |
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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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Major cryptocurrency exchange Binance has opened fiat deposits for Nigerians, using the naira in the exchange’s first-ever listed fiat trading pair. The post Binance Opens Fiat Deposits for Nigerians appeared first on Bitcoin Magazine.
2019-10-25 18:18 | |
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Bitcoin has the potential to revolutionize the African continent. Through Bitcoin, millions of unbanked Africans will have access to financial services. These and many more such statements exist across the internet.
2019-6-1 21:48 | |
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According to an official notification published April 24, 2019, by the U. S. Department of Justice for Oregon, two Nigerian nationals have been charged in a 13-count indictment with regard to their alleged involvement in an online bitcoin fraud scheme.
2019-4-26 11:00 | |
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Aggrieved Nigerians are demanding that the country’s banking and financial regulators, as well as the Foreign Affairs Ministry (NIIA), look into allegations of fraud leveled against Paxful – a bitcoin peer-to-peer (P2P) exchange platform, reports The Guardian, April 6, 2019.
2019-4-9 05:00 | |
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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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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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The country's facing a crippling foreign exchange crisis and looking for ways to limit capital outflows, including via crypto.
Nigerian banks are still restricted from holding or trading crypto on their own behalf, despite regulators’ softening stance toward digital assets.
Pan-African exchange Yellow Card has said it will seek licensing in the country.
The Nigerian cryptocurrency community has been turning to peer-to-peer exchange platforms to continue trading.
The Nigerian Senate wants Central Bank Governor Godwin Emefiele and chief securities regulator Lamido Yuguda to testify about cryptocurrencies.
Both nations hope to prevent banks from providing services to crypto companies.