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One of the main reasons investors across the globe seek to diversify traditional assets into crypto is to counter rising fiat inflation. Go to Source Powered by WPeMatico
Some disgruntled Nigerian users of the cryptocurrency exchange Binance have launched a campaign to boycott the platform, which they accuse of freezing client accounts without valid reason. Accounts Blocked Cryptocurrency exchange platform Binance recently became the target of a boycott campaign initiated by disgruntled users in Nigeria. Using the hashtag #Binancestopscamming, the campaigners are urging … Read more
From Bolivia to China, governments sought to restrict crypto-related activity for various reasons and with different tools. Go to Source Powered by WPeMatico
Over the last few weeks, furious debates over Covid-19 and vaccine mandates have divided people into two classes. On December 21, one individual from Argentina explained in a forum that “banks in Argentina are not letting unvaccinated people inside.” The person said that whether people are for or against vaccines, the mandate was “nuts” and … Read more
“We’re also excited that when working with central banks, we can do it in a way that is through regulation and compliance,” says Bitt CEO Brian Popelka. Go to Source Powered by WPeMatico
Nearly half a million e-naira wallets have been downloaded a few weeks after the central bank digital currency (CBDC) was officially launched by Nigerian President Muhammadu Buhari, the central bank has said. E-Naira’s Initial Trade Volumes In addition to the 488,000 wallets that have been downloaded, Osita Nwanisobi, who is the Central Bank of Nigeria … Read more
Personal accounts with large multi-day inflow and outflow are being tracked per an order by the country’s central bank. Go to Source Powered by WPeMatico
In February, the CBN banned banks from servicing crypto exchanges in the country, citing concerns including volatility, money laundering, and the financing of terrorism. Go to Source Powered by WPeMatico
Nigerian government officials have big expectations regarding the eNaira. Go to Source Powered by WPeMatico
The Nigerian central bank digital currency was originally slated for launch earlier this month but was delayed. Go to Source Powered by WPeMatico
