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In early April 2021, the Central Bank of Nigeria (CBN) issued a circular warning Nigerian institutions to stop the practice of rejecting old or lower denomination USD notes. The CBN issued the warning after it became “inundated with complaints from members of the public on the rejection of such notes by banks and other authorized … Read more
George Residence in Lagos has announced plans to start accepting BTC payments. The company has already converted 50% of its balance sheet to Bitcoin. Go to Source Powered by WPeMatico
The Securities and Exchange Commission of Nigeria says it is working with the central bank to create a legal framework for cryptos and digital assets. Go to Source Powered by WPeMatico
Africa remains the home to a large proportion of the world’s population that is unbanked according to a 2017 World Bank Global Index survey. Many of those who are unbanked cite their lack of official identification particulars as one of the main reasons for their predicament. Cryptos Narrowing Financial Exclusion Gap Therefore, in their effort … Read more
Blockchain Africa highlights the remaining hurdles that stand in the way of widespread adoption of crypto and blockchain on the continent. Go to Source Powered by WPeMatico
The governor of the Central Bank of Nigeria has seemingly softened his stance on crypto for individuals, if not banks. Go to Source Powered by WPeMatico
The COVID-19 pandemic has highlighted the necessity for the digitalization and sustainable development of African economies. Go to Source Powered by WPeMatico
Yemi Osinbajo sees potential for crypto and blockchain. Go to Source Powered by WPeMatico
Traders are accustomed to slight price differences between exchanges, but is a 70% gap sustainable? Go to Source Powered by WPeMatico
The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has defended the apex bank’s decision to exclude cryptocurrency transactions from the banking ecosystem. In his testimony before the Nigerian Senate, Emefiele claimed that the February 5 directive is “in the best interests of Nigerians.” Crypto Not Money Immediately following the announcement of the … Read more
