Bitcoin News / Bitcoin.com - 2 months ago
Nigeria must fully regulate crypto activities if it wants to curb financial crimes associated with digital assets, a forensic expert has said. The co-founder of A&D Forensics also called on Nigeria to enact laws that would mandate banks to vet se...
Cryptocoins News / Blockchain - 2 months ago
Adedeji Owonibi advocates for Nigerian cryptocurrency regulation to combat financial crimes and ensure the industry's security and scalability, addressing the complexities of tracking illicit transactions. (Read More)
Bitcoin News / Bitcoinist - 2 months ago
Blockchain technology emerges as a potential robust solution to the persistent issue of counterfeit medicines in the pharmaceutical sector. According to Goldstein Market Intelligence’s forecast, the estimated impact of counterfeit medicines is...
Bitcoin News / Bitcoin.com - 2 months ago
The Nigerian central bank remains committed to building confidence in the economy but that hinges on the implementation of “bold reforms” and residents’ help in easing pressure on the naira. However, critics have faulted the central...
Bitcoin News / Bitcoin.com - 2 months ago
A recent ruling by the Kenyan High Court in favor of the Nigerian fintech startup Flutterwave will see it finally get access to $3 million which has been frozen since July 2022. The judge slammed the Assets Recovery Agency for continuing to hold onto...
Bitcoin News / Bitcoin.com - 2 months ago
Anticipation is high for Bitcoin’s fourth network halving. Meanwhile, the Nigerian currency has hit a new low against the U.S. dollar, while in Canada, the Federal Court declared the freezing of crypto donations during the 2022 “Freedom C...
Bitcoin News / Bitcoin.com - 2 months ago
The Central Bank of Nigeria announced on Jan. 31 that it had removed caps on naira payout rates that international money transfer operators are allowed to quote. The central bank said the policy change is an effort aimed at further liberalizing the f...
Bitcoin News / Bitcoin.com - 3 months ago
The Nigerian currency reportedly plunged to a new low versus the U.S. dollar on the official market on Jan.25. Central Bank governor Olayemi Cardoso has said the naira is currently “undervalued” and that efforts are underway to rectify th...
Bitcoin News / Bitcoin.com - 3 months ago
The Nigerian crypto startup revealed on Jan. 16 that the firm had closed a $2.3 million strategic fund to finance the acquisition of operating licenses from different African regulators. Canza Finance said it hopes the new licenses and the defi platf...
Bitcoin News / Bitcoin.com - 3 months ago
The Nigerian stablecoin consortium has said it will not be launching a stablecoin in late February as previously advised. Instead, the consortium, which is comprised of banks and fintech startups, said it plans to launch the stablecoin only after it...
Bitcoin News / Bitcoin.com - 3 months ago
The Y Combinator-backed Nigerian fintech startup has reportedly raised $1.5 million in pre-seed funding. Tolu Alabi, the CEO of Cleva, expressed confidence in her and fellow co-founder Philip Abel’s ability to navigate the competitive fintech market,...
Bitcoin News / Bitcoin.com - 3 months ago
The Nigerian central bank has given its go-ahead for the Africa Stablecoin Consortium (ASC) to pilot its cNGN stablecoin initiative in the financial regulator’s regulatory sandbox. The ASC asserts that the cNGN stablecoin can prove to be vital...
by COINS NEWS - 3 months ago
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Bitcoin News / Bitcoin.com - 3 months ago
Nigerian fintech lawyer Senator Ihenyen said the new central bank guidelines which bar the withdrawal of cash from accounts operated by virtual asset service providers (VASPs) seem “reasonable and understandable.” The lawyer however belie...
Cryptocoins News / Finance Magnates - 3 months ago
The Central Bank of Nigeria has granted the Africa Stablecoin Consortium (ASC) approval to introduce the compliant Nigerian Naira stablecoin (cNGN) within its regulatory sandbox. This marks a pivotal moment in the Nigerian financial landscape, as the...
Bitcoin News / Bitcoinist - 3 months ago
Nigeria’s central bank has recently issued guidelines for banks dealing with cryptocurrency accounts, marking a shift in the country’s approach towards digital assets. This development follows the central bank’s decision to lift its...
Bitcoin News / Google News Bitcoin - 3 months ago
Nigeria Slaps Strict Rules on Banks After Lifting Crypto Ban& & Bloomberg
by COINS NEWS - 4 months ago
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Bitcoin News / Bitcoin.com - 4 months ago
The U.S. Securities and Exchange Commission’s expected approval of bitcoin exchange-traded funds and Nigeria’s lifting of a directive which excluded the crypto industry from the banking ecosystem are expected to help revive African users&...
by COINS NEWS - 4 months ago
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More / Bitcoin Reddit - 4 months ago
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Bitcoin News / Google News Bitcoin - 4 months ago
Nigerian Central Bank Issues Circular Reversing 2021 Bitcoin Ban& & Forbes
Bitcoin News / Bitcoin.com - 4 months ago
The Nigerian central bank has reversed its Feb. 5 order which barred banks and financial institutions from extending their services to crypto entities. The central bank said new guidelines align with the Financial Action Task Force’s updated re...
by COINS NEWS - 4 months ago
https://punchng.com/breaking-cbn-lifts-ban-on-cryptocurrency/ The Central Bank of Nigeria has changed its stance on crypto assets in the country and asked banks to disregard its earlier ban on crypto transactions. This is according to a circular dat...
Bitcoin News / Bitcoinist - 4 months ago
The Central Bank of Nigeria (CBN) has now canceled its restrictions on banks and other financial institutions in operating accounts for virtual asset service providers (VASPs). This marks an exciting development as the Apex Bank looks to chart a new...
