Nigeria’s SEC warns against trading on Binance
The Commission insists that the platform doesn’t have a license to work in the country and hence its operation is illegal. Go to Source Powered by WPeMatico
Nigeria
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Nigerian central bank adds NFC upgrade to eNaira for contactless payments
The central bank reportedly emphasized that the addition of NFC technology will play a crucial role in boosting the adoption rates for the CBDC. Go to Source Powered by WPeMatico
Nigerian social payments app shuts down crypto exchange services
The company cited that it will cease operations of its exchange services as part of the shareholders’ decision to restructure the business to focus on Cashlink. Go to Source Powered by WPeMatico
Research: There could be 24 CBDCs live by 2030
93% of the central banks are already conducting research on central bank digital currencies, 68% are still not ready to launch their digital money. Go to Source Powered by WPeMatico
Nigerian crypto tax move is ‘premature’ – local stakeholders
Industry stakeholders seek clarity regarding the implications of taxation and its connection to the recognition of cryptocurrency and associated procedures. Go to Source Powered by WPeMatico
Binance sends cease and desist notice to Nigerian scammer entity
This comes after the Securities and Exchange Commission, Nigeria (SEC), released a circular stating the illegality of Binance Nigeria Limited in the country. Go to Source Powered by WPeMatico
Here’s what Nigeria’s naira float means for its crypto market
This reduces the likelihood of artificial price differences between the naira and cryptocurrencies in different markets. Go to Source Powered by WPeMatico
Nigeria regulator halts Binance operations: Report
According to Nigeria’s securities regulator, Binance is neither registered nor regulated in the country, making its operations illegal. Go to Source Powered by WPeMatico
Nigeria to tax crypto, digital assets 10% on capital gains: Experts react
The Act aims to enhance fiscal transparency, boost revenue and recognize cryptocurrencies as legitimate assets. Go to Source Powered by WPeMatico
Nigerian crypto company suspends withdrawals after BTC and naira compromise
Efforts are underway to recover compromised assets and enhance security measures as users express concerns on social media. Go to Source Powered by WPeMatico