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Tag: CBN

Nigerian SEC Scraps Plan for Crypto Regulation after Central Bank Ban

The market regulator was running a sandbox for crypto companies.

Bitcoin (BTC) Price Prediction: BTC/USD Retests $48,000 Resistance Twice but Unable to Break Above It

Bitcoin (BTC) Price Prediction – February 11, 2021Bitcoin bulls are retesting the previous price of $48,277 to break above it. On February 8, the BTC/USD [...]

Acknowledging BTC Sovereignty, Nigeria Becomes Bellwether For Hyperbitcoinization

In a remarkable acknowledgement of Bitcoin’s power over the fiat system, a Nigerian senator conceded to hyperbitcoinization.

The post Acknowledging BTC Sovereignty, Nigeria Becomes Bellwether For Hyperbitcoinization appeared first on Bitcoin Magazine.

Nigerian Senators Outraged at Central Bank Bitcoin Ban

Nigeria Senate

Nigerian lawmakers have strongly opposed the recent action by Nigeria’s Central Bank, demanding it appears in front of the senate to explain itself. “I am strongly against the outright ban...

Nigerian Central Bank Reminds The Locals That Cryptos Are Banned

The Central Bank of Nigeria (CBN) published a statement last Friday, stating that cryptos are banned. The statement caused an outrage, which is why the bank explained that it is only a reminder. Cryptos have been banned since January 2017, and it only reminded the country, with no new restrictions. Last Friday, February 5th, the […]

The post Nigerian Central Bank Reminds The Locals That Cryptos Are Banned appeared first on CryptoCoin.News.

Bitcoin Adoption in Nigeria Soars

Peer-to-peer Bitcoin trading volume in Nigeria continues to soar as Africa’s largest economy remains a front runner of crypto adoption. Chainalysis has reported booming cryptocurrency adoption in Africa as the continent ranked second to the United States of America in peer to peer trading. According to one survey, Nigeria has the highest percentage of cryptocurrency

Nigeria’s Finance Ministry to Collaborate With SEC on Crypto Framework

This was revealed in Lagos on Nov 24 at the ‘Fintech In Nigeria: State Of Play’ conference organized by The Economist Intelligence Unit and Mastercard. Speaking at the event, Special Adviser on ICT to the Minister, Armstrong Takang stated that the Nigerian government “sees an opportunity” in crypto and blockchain adoption, and will thus create … Continued

The post Nigeria’s Finance Ministry to Collaborate With SEC on Crypto Framework appeared first on BeInCrypto.

Former Diamond Bank CEO launches Nigerian start-up Sparkle

Former CEO of Diamond Bank, a subsidiary of Nigeria’s multinational Access Bank Group, has launched a digital banking start-up in Nigeria called Sparkle,...

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