Blockchain and crypto will challenge current finance, Nigeria VP says
Yemi Osinbajo sees potential for crypto and blockchain. Go to Source Powered by WPeMatico
Nigeria
Auto Added by WPeMatico
Why is Bitcoin $86K in Nigeria? Here’s why the BTC premium is huge in some countries
Traders are accustomed to slight price differences between exchanges, but is a 70% gap sustainable? Go to Source Powered by WPeMatico
Central Bank of Nigeria Governor Defends Decision to Exclude Crypto Players, Says the Order Is ‘in the Best Interests of Nigerians’
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
‘Cryptocurrency is not legitimate money,’ says Nigeria’s central bank governor
Nigeria’s central bank is doubling down on its anti-cryptocurrency stance. Go to Source Powered by WPeMatico
Crypto market too big to ignore, says Nigeria SEC
Nigeria’s Securities and Exchange Commission says it is committed to creating a clear-cut regulatory framework for cryptos in the country. Go to Source Powered by WPeMatico
Bitcoin selling at 36% premium in Nigeria
In the wake of the recent ban on Nigerian banks’ servicing of crypto exchanges, Bitcoin’s price in the country has seemingly spun out of control. Go to Source Powered by WPeMatico
Nigeria Crypto Ban: Stakeholder Body, Politicians Assail Central Bank’s Directive to Financial Institutions
A body representing cryptocurrency and blockchain stakeholders in Nigeria has joined other crypto industry players in assailing the recent Central Bank of Nigeria (CBN) directive to banks. The CBN order, which seeks snuff out crypto entities from the banking system, took effect on February 5, 2020. Not Just a Mere Reiteration In a statement, the … Read more
Bitcoin has made the Naira almost useless, says Nigerian Senator
A cross-section of Nigerian senators have reacted to the recent Bitcoin ban enacted by the country’s central bank. Go to Source Powered by WPeMatico
Central Bank of Nigeria bans banks from servicing crypto exchanges
Nigeria’s central bank has prohibited commercial banks from providing account services to crypto exchanges. Go to Source Powered by WPeMatico
Ghanaian Startup Bitsika Africa Processed $40 Million in Crypto Remittances in 2020, up 3,900% Year-on-Year
Bitsika Africa, a crypto startup operating out of Ghana and Nigeria, said Monday that it processed almost $40 million in remittances in 2020, up from just under $1 million the previous year. Founder and chief executive officer Atsu Davoh said that deposits accounted for $18.87 million of the total volume, with payouts making up $17.89 … Read more