2024-8-21 15:19 |
Nigeria's Federal Inland Revenue Service (FIRS) plans to bring a bill for taxing the crypto industry to parliament by September, news outlet Punch Nigeria reported on Saturday.
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The International Monetary Fund (IMF) has recommended that Nigeria embrace the regulated use of digital assets by licensing international crypto exchanges. The watchdog made the proposal in its latest consultation report for Nigeria.
2024-5-11 01:45 | |
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Nigeria’s SEC is set to launch a new regulatory framework for crypto exchanges, custodians firms “in the coming days.”
2024-5-7 12:20 | |
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Nigeria is set to lift the crypto ban with new guidelines from the Apex Bank. The country continues to see a rising crypto adoption rate. Nigeria has been actively discussed in cryptocurrencThe post Nigeria embraces crypto with revised policies - what now? appeared first on AMBCrypto.
2024-1-3 18:30 | |
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Easiest and cheapest ways to buy crypto in Nigeria Getting bitcoins in Nigeria is not an easy task as not all popular crypto exchanges are available to Nigeria citizens. This is a current list of bitcoin exchanges that allow users from Nigeria to buy crypto.
2022-2-22 22:41 | |
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The Central Bank of Nigeria is targeting citizens with a directive to flag and shut down accounts linked to bitcoin and other crypto assets. The post Nigeria Central Bank Accused of ‘Financial Terrorism’ Amid Crypto Clampdown appeared first on BeInCrypto.
2021-11-12 14:44 | |
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Crypto soars in popularity in Nigeria Crypto is seeing tremendous growth in Nigeria despite there being no legal framework or legislation for them. Moreover, The Central Bank of Nigeria (CBN) in February 2021 banned all financial institutions from dealing in cryptocurrencies.
2021-11-10 16:42 | |
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In a finding that has returned conversation about the growth of crypto adoption in Nigeria, the country has been ranked as having the highest rate of crypto ownership globally. The post Nigeria ranks ahead of U.
2021-11-1 17:00 | |
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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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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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Peru, India, Indonesia, and Nigeria are among the countries with the biggest increase in crypto wallet creation based on data from Blockchain. com, which has over 52 million wallets created by users worldwide.
2020-8-11 18:15 | |
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Remitano, one of the most popular peer-to-peer cryptocurrency marketplaces in Nigeria, has added a fiat wallet for Naira (NGN). This brand-new Naira fiat wallet will allow users (of Level 2 and above) who require quick transfers between Naira and crypto on the platform.
2020-5-21 14:46 | |
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As per an announcement from April 23, Bundle now lets its users send, receive and request cash and crypto from Nigeria. The company is planning to expand its services to more than 30 countries in Africa by the end of 2020, providing a simple crypto fiat on and off-ramp across the continent. Aside from the […]
2020-4-24 22:39 | |
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The payments app launched initially in Nigeria, but there are plans to expand to 30 African nations his year.
2020-4-24 17:50 | |
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NIGERIA, April 23, 2020: Bundle, an Africa-focused social payments app for cash and cryptocurrencies, backed by Binance, today has launched in Nigeria. Founded by Yele Bademosi, formerly a director at Binance Labs, Bundle allows users to request, send, and receive cash or crypto from their peers.
2020-4-24 14:15 | |
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Here's how crypto exchanges are on-boarding unbanked users in Nigeria.
2020-2-22 17:50 | |
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A crypto startup providing wifi hotspot sharing services in Nigeria has won funding from the country’s telecom regulator. Wicrypt placed second among 25 tech companies participating in an innovation competition organized by the Nigeria Communication Commission and it’s going to receive a grant worth 2 million naira to finance its project.
2020-1-2 23:15 | |
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Africa’s first stablecoin, the Africa Stable-Coin(ABCD) is backed by Nigeria’s national currency, the Naira. Also, the fiat-backed crypto is built on Binance’s native blockchain, the Binance Chain.
2019-12-11 18:45 | |
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Twitter CEO in Africa Dorsey is in Africa and specifically in Ghana. That is after spending several days in Nigeria, where he met with entrepreneurs majoring in technology. His journey to both countries included small Bitcoin meetups with innovators and founders of startups that look to push for the adoption of Bitcoin in both countries. […]
2019-11-13 19:31 | |
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Twitter and Square chief, Jack Dorsey, is meeting with African tech entrepreneurs as the bitcoin bull sets sight on the continent’s growing crypto industry. Twitter CEO Heads to Africa Dorsey is currently in Ghana after spending a few days in Nigeria meeting with tech entrepreneurs.
2019-11-12 13:30 | |
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The Estonia-based startupChatex will hold the Blockchain Innovations & Investments Event in Lagos, Nigeria aiming to provide local blockchain startups, enterprises, developers, crypto-oriented investors, and enthusiasts with the unique, comprehensive knowledge and experience in the crypto industry.
2019-10-31 09:30 | |
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By CCN: Around the world, the majority of searches related to cryptocurrency involve the word “Bitcoin,” a new report by ConsenSys concludes. Excepting a few Asian countries, most of the world wants to find information about Bitcoin.
2019-5-21 22:00 | |
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By CCN: Google searches for bitcoin have climbed to a 13-month high, in tandem with its price spikes following the brutal 2018 crypto bear market. Google Trends tracks search interest for certain terms.
2019-5-20 17:45 | |
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In Nigeria, thousands of cryptocurrency investors and traders have reportedly lost access to millions of dollars. Paxful Incorporated, a major cryptocurrency services firm based in Estonia, is accused of large-scale fraud, reportedly suspending the accounts of Nigerian users.
2019-4-8 18:52 | |
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Estonia-based crypto firm Paxful Inc. has been accused of defrauding Nigerian investors out of millions of dollars worth of crypto through arbitrary account closures
2019-4-8 12:38 | |
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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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Google’s trend explorer shows that global searches for the keyword ‘bitcoin’ more than tripled during Tuesday’s massive rally. Bitcoin Searches Spike as Crypto Market Booms While the precise number of searches was not available, Google’s backend algorithms determined Tuesday’s search volume by comparing it with the number of queries over time.
2019-4-3 22:16 | |
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Bitcoin is the undisputed global crypto king. Its dominance on exchanges stands at just over 50 percent, and it’s the standard by which all other cryptocurrencies are measured. However, in Nigeria, a dedicated group is carefully scripting a different narrative.
2019-3-27 21:00 | |
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The challenge of making and receiving payments in Africa has been widely documented. The continent has the world’s highest remittance fees, and payments between different countries aren’t any easier.
2019-3-5 22:55 | |
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When you think of blockchain technology and cryptocurrencies in Africa, Uganda isn’t the first country that springs to mind. Instead, it’s the traditional tech titans in Africa that many associate with developments in the blockchain industry.
2019-2-24 00:44 | |
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After a long phase of beta testing, Kubitx, a crypto and digital asset exchange that has the goal to be a “pan African” exchange, has been launched. The company, which is registered in Malta but is a company from Nigeria and Zimbabwe, has used the occasion to release its hybrid OTC (over the counter) wallet. […]
2018-12-22 10:28 | |
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Children in the Rwandan village of Kasebigege are being given a greater chance to pursue a sound education as construction on a new school, developed by bitcoin marketplace Paxful, has been completed.
2018-12-3 22:11 | |
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The Union Bank of Nigeria sent out an email to its customers, warning them cryptocurrency activity will be monitored and that the bank might close accounts linked to such transactions.
2018-11-30 20:36 | |
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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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Coinfirm, a RegTech and blockchain startup, working with KAD ICT Hub, is launching an anti-fraud platform in an African country where digital scams occur all too frequently.
2018-10-13 00:44 | |
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Bitcoin exchange company Luno today announced the launch of its new African regional headquarters in Johannesburg, South Africa. Luno was the first crypto company to operate in Africa, with a presence in Nigeria and Cape Town, in.
2018-9-17 18:42 | |
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Can bitcoin be used for social good? If anyone thinks so, it’s Ray Youssef, the CEO of peer-to-peer bitcoin platform Paxful. A successful entrepreneur in the crypto and blockchain space, Youssef comes from humble beginnings and understands the importance of maintaining control over one’s finances.
2018-9-15 21:50 | |
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Eastads Marketplace & Credits aims to disrupt the old system of buying and selling in Nigeria and Africa. We built a crypto powered marketplace for the largest market in Africa and after ICO we will develop our African Marketplace also integrated with blockchain payments.
2018-9-3 14:33 | |
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Earlier this month, Senate Majority Leader Chuck Schumer (D-N. Y. ) told the audience at a "Crypto4Harris" virtual event that he hoped to shepherd crypto legislation through Congress and have President Joe Biden sign the bill into law by the end of 2024.
Former President Donald Trump, a sitting U. S. senator and some of the biggest names in bitcoin {{BTC}} investing all seem to agree that the U. S. should begin building a reserve of the most prominent crypto token.
Fairshake PAC plans to spend over $100 million in the general election to back pro-crypto lawmakers. The super PAC funded by major crypto companies achieved significant victories in recent congressional primaries.
Crypto. news recently spoke with Bing Wang, Head of Legal at BasedVC, who shared his perspectives on the political ascent of cryptocurrencies and the upcoming regulatory transformations. As the 2024 U.
The Financial Innovation and Technology for the 21st Century Act would hurt investors and hamper the U.S. Securities and Exchange Commission's work, SEC Chair Gary Gensler said Wednesday.
Last week, U.S. Senators Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.) introduced a joint bill addressing how stablecoins could be regulated in the country. It's the latest effort to try and get something done in the U.S. legislative front – but is it enough?