Warning: Constant WP_MEMORY_LIMIT already defined in /home/digit/public_html/wp-config.php on line 98
Warning: Cannot modify header information - headers already sent by (output started at /home/digit/public_html/wp-config.php:98) in /home/digit/public_html/wp-includes/feed-rss2.php on line 8 crypto africa – DIGIT INFO
https://www.digit.info
Bookmarking Crypto InsightsTue, 10 Sep 2024 03:30:06 +0000en-US
hourly
1 https://wordpress.org/?v=6.9.4https://www.digit.info/wp-content/uploads/2024/07/cropped-61589-32x32.pngcrypto africa – DIGIT INFO
https://www.digit.info
3232Nigerian Regulator Threatens Crackdown on Unlicensed Crypto Entities
https://www.digit.info/nigerian-regulator-threatens-crackdown-on-unlicensed-crypto-entities/
Tue, 10 Sep 2024 03:30:06 +0000https://www.digit.info/nigerian-regulator-threatens-crackdown-on-unlicensed-crypto-entities/Read more]]>The Nigerian Securities and Exchange Commission (SEC) has vowed to crack down on unlicensed cryptocurrency businesses targeting Nigerians. This comes just two weeks after approving two crypto exchanges and promising to consider similar applications. The SEC aims to protect investors without hindering innovation. To achieve this balance, Emomotimi Agama believes Nigeria needs a clear regulatory […]
]]>Mansa Partners With Nigerian Blockchain Platform Bitmama to Boost Cross-Border Payments
https://www.digit.info/mansa-partners-with-nigerian-blockchain-platform-bitmama-to-boost-cross-border-payments/
Sun, 08 Sep 2024 21:46:08 +0000https://www.digit.info/mansa-partners-with-nigerian-blockchain-platform-bitmama-to-boost-cross-border-payments/Read more]]>The Nigerian blockchain payment platform Bitmama has partnered with the decentralized finance platform Mansa to improve cross-border payment accessibility in Africa. This partnership aims to enhance consumer payment capabilities and support trade across borders. Mansa’s liquidity solution has reportedly already helped foster financial inclusion in other regions. Bridging the Funding Gap The Nigerian blockchain payment […]
]]>Nigeria Aims to Include Cryptocurrencies in Tax System Overhaul
https://www.digit.info/nigeria-aims-to-include-cryptocurrencies-in-tax-system-overhaul/
Tue, 20 Aug 2024 00:46:05 +0000https://www.digit.info/nigeria-aims-to-include-cryptocurrencies-in-tax-system-overhaul/Read more]]>The Nigerian government is looking to impose taxes on the cryptocurrency industry. The Federal Inland Revenue Service (FIRS) plans to introduce a new tax law to achieve this. Despite being a major crypto market, Nigeria currently receives minimal tax income from crypto-related activities. The FIRS is seeking support from the Nigerian National Assembly to implement […]
]]>‘Secrecy of Crypto Usage’ Drives Youth Cryptocurrency Adoption, Says Nigerian Regulator
https://www.digit.info/secrecy-of-crypto-usage-drives-youth-cryptocurrency-adoption-says-nigerian-regulator/
Sat, 29 Jun 2024 11:19:26 +0000https://www.digit.info/2024/06/29/secrecy-of-crypto-usage-drives-youth-cryptocurrency-adoption-says-nigerian-regulator/Read more]]>According to a Nigerian regulator, young people who are adopting cryptocurrencies are drawn to their secrecy, and many of them do not have bank accounts. However, the regulator also stated that the Securities and Exchange Commission (SEC) will continue to caution users about the potential risks of investing in this asset class. Crypto Cannot Be […]
]]>Tether, Nodo Partner to Drive Stablecoin and Bitcoin Education in Africa
https://www.digit.info/tether-nodo-partner-to-drive-stablecoin-and-bitcoin-education-in-africa/
Fri, 07 Jun 2024 05:36:34 +0000https://www.digit.info/2024/06/07/tether-nodo-partner-to-drive-stablecoin-and-bitcoin-education-in-africa/Read more]]>Stablecoin issuer Tether has partnered with Nodo to educate prospective African users about the use cases of stablecoins and facilitate transactions with the former’s digital asset. The six-month campaign will include Ask Me Anything (AMA) sessions, workshops, and question-and-answer sessions with crypto experts on social media. African Users to Learn of Stablecoin Use Cases The […]
]]>Associate Professor Rejects Alleged Link Between Nigerian Currency Depreciation and Crypto Trading
https://www.digit.info/associate-professor-rejects-alleged-link-between-nigerian-currency-depreciation-and-crypto-trading/
Thu, 06 Jun 2024 19:38:08 +0000https://www.digit.info/2024/06/06/associate-professor-rejects-alleged-link-between-nigerian-currency-depreciation-and-crypto-trading/Read more]]>Nigeria’s decision to halt naira trading on cryptocurrency exchanges is likely to worsen matters for its volatile currency,” an associate professor at the University of East London has argued. The associate professor said Nigeria can effectively regulate the cryptocurrency industry through a framework introduced by its securities regulator in 2022. Crypto Trading Not Linked to […]
]]>Nigerian Senate Committee: Regulated Crypto Trading a Boost for Local Currency
https://www.digit.info/nigerian-senate-committee-regulated-crypto-trading-a-boost-for-local-currency/
Thu, 30 May 2024 05:28:52 +0000https://www.digit.info/2024/05/30/nigerian-senate-committee-regulated-crypto-trading-a-boost-for-local-currency/Read more]]>The Nigerian Senate Committee on Capital Markets has called for the regulation of cryptocurrency and warned that the country’s unclear position could be costing the country. The committee also urged the government of Bola Tinubu to develop the capital and crypto markets to defend the local currency. Nigeria’s Ambiguous Stance on Crypto The Nigerian Senate […]
]]>Nigeria Mulls Over Banning P2P Crypto Transactions; Labels Crypto Trading as National Security Concern
https://www.digit.info/nigeria-mulls-over-banning-p2p-crypto-transactions-labels-crypto-trading-as-national-security-concern/
Sun, 05 May 2024 07:20:09 +0000https://www.digit.info/2024/05/05/nigeria-mulls-over-banning-p2p-crypto-transactions-labels-crypto-trading-as-national-security-concern/Read more]]>Nigerian authorities are reportedly planning to prohibit financial institutions from facilitating peer-to-peer cryptocurrency transactions. According to a report, Nigeria’s Office of the National Security Adviser has classified cryptocurrency trading as a national security concern. Three fintech startups, known for enabling such transactions, have been directed to block and report peer-to-peer cryptocurrency transactions to law enforcement […]
]]>Nigeria Cryptocurrency Clampdown: Central Bank Directs Fintech Firms to Stop Opening New Accounts
https://www.digit.info/nigeria-cryptocurrency-clampdown-central-bank-directs-fintech-firms-to-stop-opening-new-accounts/
Wed, 01 May 2024 05:31:06 +0000https://www.digit.info/2024/05/01/nigeria-cryptocurrency-clampdown-central-bank-directs-fintech-firms-to-stop-opening-new-accounts/Read more]]>The Central Bank of Nigeria has directed four fintech companies to cease the creation of new accounts, citing their potential use by cryptocurrency traders. An executive from one of the affected fintech companies has associated the Central Bank’s directive with a current audit of the Know Your Customer (KYC) procedures implemented by these firms. Fintech […]
]]>South African Regulator Licenses 75 Institutions as Crypto Asset Service Providers
https://www.digit.info/south-african-regulator-licenses-75-institutions-as-crypto-asset-service-providers/
Wed, 24 Apr 2024 08:37:42 +0000https://www.digit.info/2024/04/24/south-african-regulator-licenses-75-institutions-as-crypto-asset-service-providers/Read more]]>South Africa’s Financial Sector Conduct Authority said on April 22 that it has approved 75 institutions to be licensed as crypto asset service providers (CASPs). The regulator said the unveiling of licensed CASPs is intended to dispel misconceptions arising from the supposedly misleading media reports. FSCA Continues to Receive License Applications The Financial Sector Conduct […]
The Nigerian Securities and Exchange Commission (SEC) has vowed to crack down on unlicensed cryptocurrency businesses targeting Nigerians. This comes just two weeks after approving two crypto exchanges and promising to consider similar applications. The SEC aims to protect investors without hindering innovation. To achieve this balance, Emomotimi Agama believes Nigeria needs a clear regulatory […]
]]>
The Nigerian blockchain payment platform Bitmama has partnered with the decentralized finance platform Mansa to improve cross-border payment accessibility in Africa. This partnership aims to enhance consumer payment capabilities and support trade across borders. Mansa’s liquidity solution has reportedly already helped foster financial inclusion in other regions. Bridging the Funding Gap The Nigerian blockchain payment […]
]]>
The Nigerian government is looking to impose taxes on the cryptocurrency industry. The Federal Inland Revenue Service (FIRS) plans to introduce a new tax law to achieve this. Despite being a major crypto market, Nigeria currently receives minimal tax income from crypto-related activities. The FIRS is seeking support from the Nigerian National Assembly to implement […]
]]>
According to a Nigerian regulator, young people who are adopting cryptocurrencies are drawn to their secrecy, and many of them do not have bank accounts. However, the regulator also stated that the Securities and Exchange Commission (SEC) will continue to caution users about the potential risks of investing in this asset class. Crypto Cannot Be […]
]]>
Stablecoin issuer Tether has partnered with Nodo to educate prospective African users about the use cases of stablecoins and facilitate transactions with the former’s digital asset. The six-month campaign will include Ask Me Anything (AMA) sessions, workshops, and question-and-answer sessions with crypto experts on social media. African Users to Learn of Stablecoin Use Cases The […]
]]>
Nigeria’s decision to halt naira trading on cryptocurrency exchanges is likely to worsen matters for its volatile currency,” an associate professor at the University of East London has argued. The associate professor said Nigeria can effectively regulate the cryptocurrency industry through a framework introduced by its securities regulator in 2022. Crypto Trading Not Linked to […]
]]>
The Nigerian Senate Committee on Capital Markets has called for the regulation of cryptocurrency and warned that the country’s unclear position could be costing the country. The committee also urged the government of Bola Tinubu to develop the capital and crypto markets to defend the local currency. Nigeria’s Ambiguous Stance on Crypto The Nigerian Senate […]
]]>
Nigerian authorities are reportedly planning to prohibit financial institutions from facilitating peer-to-peer cryptocurrency transactions. According to a report, Nigeria’s Office of the National Security Adviser has classified cryptocurrency trading as a national security concern. Three fintech startups, known for enabling such transactions, have been directed to block and report peer-to-peer cryptocurrency transactions to law enforcement […]
]]>
The Central Bank of Nigeria has directed four fintech companies to cease the creation of new accounts, citing their potential use by cryptocurrency traders. An executive from one of the affected fintech companies has associated the Central Bank’s directive with a current audit of the Know Your Customer (KYC) procedures implemented by these firms. Fintech […]
]]>
South Africa’s Financial Sector Conduct Authority said on April 22 that it has approved 75 institutions to be licensed as crypto asset service providers (CASPs). The regulator said the unveiling of licensed CASPs is intended to dispel misconceptions arising from the supposedly misleading media reports. FSCA Continues to Receive License Applications The Financial Sector Conduct […]
]]>