2024-7-10 10:36 |
Nigeria’s cryptocurrency regulations are currently being updated.
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Nigeria is leading the pack for a growing curiosity in cryptocurrencies. This is despite the current crypto winter. The post Nigeria Leads Global Search for Cryptocurrency Information appeared first on BeInCrypto.
2022-8-11 08:55 | |
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The Securities Exchange Commission (SEC) of Nigeria has put out new rules that seek to regulate digital assets in the country, signaling the full acceptance of crypto assets in Africa’s most populous nation.
2022-5-24 00:49 | |
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With many individuals and institutions losing faith in cryptocurrencies of late, looks like one country stands unaffected. Despite the unimpressive few days of the cryptocurrency market, Nigeria's SecThe post Nigeria welcomes 'Crypto Asset Rules;' the plan might impress you appeared first on AMBCrypto.
2022-5-15 18:30 | |
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The government of Tanzania is looking to launch a central bank digital currency (CBDC) to protect its citizens from cryptocurrency speculators. The post Tanzania Looks to Follow Nigeria in Rolling out Digital Currency appeared first on BeInCrypto.
2022-5-11 16:30 | |
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Cryptocurrency groups in Nigeria are preparing to take on the country's central bank, as both sides dig in over a controversial regulatory decision to limit crypto use and trade in the populous West African nation.
2021-11-25 19:16 | |
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Nigeria’s central bank has frozen the accounts of two cryptocurrency traders and an entity. In furtherance of the Central Bank’s policy, a local bank has unveiled guidelines to stifle the activities of crypto investors.
2021-11-12 22:45 | |
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Nigeria’s central bank (CBN) has maintained its hostile position towards crypto assets like Bitcoin, Ethereum, Litecoin, and others has it recently ordered financial institutions in the country to close the accounts of individuals suspected to have traded cryptocurrency.
2021-11-11 00:00 | |
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Africa, the smallest crypto-economy, which received $105.6 billion worth of cryptocurrency between July 2020 and June 2021, saw a growth of more than 1200% by value received in the last year. According to a report by Chainalysis, the region is seeing some of the highest grassroots adoption in the world, with Kenya, Nigeria, South Africa, […] The post Remittance and Fiat Devaluation Drives 1200% Growth in Africa’s Crypto Market: Chainalysis Report first appeared on BitcoinExchangeGuide.
2021-9-16 22:26 | |
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The use of cryptocurrency is rising around the world, but Africa has been a region with high acceptance for crypto, at least among its people. Even though countries like Nigeria were marching against The post Zimbabwe finance minister urges citizens to invest in Bitcoin appeared first on AMBCrypto.
2021-9-13 00:30 | |
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According to a recent study published by independent research group Finder, one-in-six of all people in Australia claim ownership of cryptocurrency. The post Australia Crypto Adoption Rates Tops USA and UK, but Falls Behind Nigeria appeared first on BeInCrypto.
2021-9-4 17:35 | |
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In an effort to measure grassroots cryptocurrency adoption amid the massive growth seen in the crypto market over the year due to traction from industries, the just-published report of on-chain research firm Chainalysis has revealed a surge of over 880% in global adoption majorly driven by peer-to-peer platforms.
2021-8-20 13:00 | |
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Nigeria, the most populous black nation, has seen significant growth in Bitcoin adoption. The African country, despite the censorship of cryptocurrency trading by the government, has been one of the leaders in Bitcoin peer-to-peer trading globally.
2021-8-11 18:06 | |
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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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A learning institution in Nigeria’s Kano state, the New Oxford Science Academy, recently announced it will be accepting cryptocurrency as payment for school fees. According to the school’s proprietor, Sabi’u Musa Haruna, the institution arrived at this decision after consulting parents and guardians of the students.
2021-6-29 14:00 | |
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Oxford Science Academy, a private school in northern Nigeria city of Kano now accepts cryptocurrency as a payment method for school fees. But the school says payment using cryptocurrency is optional, and that the conventional payment methods are still available to parents.
2021-6-28 13:12 | |
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According to a recent Mastercard payment index report, the Covid-19 related lockdowns helped spread the use of cryptocurrency in three African countries, namely Nigeria, Kenya, and South Africa. The report also reveals that a greater number of consumers from these countries are “likely to use one emerging payment method in the coming year.” More Respondents […]
2021-5-12 07:00 | |
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According to Paxful, a peer-to-peer trading platform, Nigeria’s cryptocurrency traded volumes on the platform topped $1. 5 billion in the first four months of the year 2021. This figure represents almost a third of Paxful’s global total volume of $5 billion.
2021-5-5 14:30 | |
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Nigeria’s Economic and Financial Crimes Commission (EFCC) has become the latest body to warn of risks associated with cryptocurrency investments. In a public warning, the law enforcement agency argues that investing in cryptos “is a high-risk activity as the terrain is largely unregulated and prone to fraud.
2021-4-28 09:30 | |
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George Residence, a hospitality holding in Lagos, Nigeria, has become the first hotel in the country to accept Bitcoin payments. Additionally, the hotel hopes to expand its balance sheet and adopt the top cryptocurrency as its primary reserve.
2021-4-27 14:37 | |
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After the Central Bank of Nigeria issued a directive targeting the country’s cryptocurrency industry, bitcoin and altcoin trade volumes on centralized exchanges immediately plunged. Nevertheless, the new regulations seem to have succeeded in boosting crypto trade volumes on informal markets or on peer-to-peer trading platforms.
2021-4-18 16:30 | |
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There happen to be more Bitcoin trading activities going on in Nigeria than exchanges are recording. This is because cryptocurrency users are leaning towards simpler channels that filter the technical processes that come with trading Bitcoin on exchanges.
2021-3-29 17:16 | |
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The Central Bank of Nigeria (CBN) said they never banned the use of cryptocurrencies in the country, and they are not discouraging people from trading with crypto assets either. The clarification came from Godwin Emefiele, deputy governor Adamu Lamtek, on behalf of Godwin Emefiele, the governor of the central bank, at the 30th seminar for […] The post Central Bank of Nigeria Never Banned Cryptocurrency Trading, Clarifies Governor first appeared on BitcoinExchangeGuide.
2021-3-22 16:21 | |
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The Central Bank of Nigeria (CBN) has announced a scheme that seeks to boost international remittances as well as to encourage the use of official corridors when retrieving funds. The CBN’s move to incentivise recipients follows the plummeting of the country’s official remittances inflows as recipients opt for non-traditional corridors such as cryptocurrencies. Declining Remittances […]
2021-3-9 15:00 | |
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A contradictory statement has recently been made by Nigeria’s Vice president Prof. Yemi Osinbajo, concerning the recently imposed Cryptocurrency ban by the country’s Central bank. The Vice President explained at the CBN bankers committee economic summit, that digital currencies are an inevitable part of the country’s economy.
2021-3-2 11:23 | |
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Vice President of Nigeria Prof. Yemi Osinbajo spoke at a Bankers Committee meeting. He called for Nigeria to regulate cryptocurrency, instead of banning it. He called on the Central Bank of Nigeria avoid “killing the goose that might lay the golden egg”.
2021-2-27 20:28 | |
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The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has defended the apex bank’s decision to exclude cryptocurrency transactions from the banking ecosystem. In his testimony before the Nigerian Senate, Emefiele claimed that the February 5 directive is “in the best interests of Nigerians.
2021-2-26 07:15 | |
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This episode of "Bitcoin In Asia" hosted Nigerian writer Ahyke Otutubuike to discuss the state of cryptocurrency in his home country. The post Interview: Bitcoin In Nigeria With Ahyke Otutubuike appeared first on Bitcoin Magazine.
2021-2-23 00:00 | |
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After a few weeks of placing a ban on cryptocurrency trading in the country, the Central Bank of Nigeria has agreed to partner with the country’s SEC to study cryptocurrencies further for a better regulation strategy.
2021-2-23 22:42 | |
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Nigeria’s central bank recently made headlines enforcing cryptocurrency restrictions on how the country’s banking sector works. Specifically, CBN reminded regulated financial institutions yesterday that a 2017 regulation prohibits them from facilitating cryptocurrency transactions or facilitating payments for exchanges.
2021-2-23 22:35 | |
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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.
2021-2-22 15:30 | |
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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 […]
2021-2-19 20:30 | |
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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.
2021-2-18 15:33 | |
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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.
2021-2-18 17:08 | |
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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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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.
2021-2-16 23:29 | |
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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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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 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.
2021-2-12 17:13 | |
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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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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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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, one of Africa's largest cryptocurrency markets, has banned Bitcoin trading
2021-2-5 16:02 | |
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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 […]
2021-1-15 07:15 | |
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Cryptofully. com is offering Nigerian investors from around the world to transfer money to Nigeria in a simple two-step process through Bitcoin. 12 September 2020, Lagos. Cryptocurrency owners can now send funds across the world to Nigerian Naira accounts without the requirement of registering on a new platform.
2020-9-29 19:46 | |
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