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Category: Naijacrypto
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Organizer of Binance-Sponsored Crypto Tour Says Campaign Was Successful, Denies Reports of Arrest
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Nigerian Crypto Exchange Boss: CBN Directive Led Shift of Trades From Centralized Exchanges to Black Market Exchanges
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Forex Strapped Nigeria Designates Crypto Assets as Securities
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. In a statement released Sept. 14, the SEC […]
The post Forex Strapped Nigeria Designates Crypto Assets as Securities appeared first on Bitcoin News.
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Nigeria Foreign Exchange Crisis: Worsening US Dollar Shortages Point to Further Devaluation
Pressure on Nigeria’s current exchange rate is likely to get worse in 2021, when the expected recovery of imports is set to force another devaluation of the local currency to N430/$ next year, according to two Bank of America analysts. Earlier rate adjustments, one in March and another in July, already appear to have failed […]
The post Nigeria Foreign Exchange Crisis: Worsening US Dollar Shortages Point to Further Devaluation appeared first on Bitcoin News.
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