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Tag: Central Bank of Nigeria

Nigerian Central Bank Lifts Ban Restricting Banks From Servicing Crypto Clients

The Central Bank of Nigeria (CBN) has lifted a ban preventing banks from operating accounts for cryptocurrency service providers in the country. According to...

Nigeria ends years-long restrictions on crypto transactions

The Central Bank of Nigeria (CBN) has lifted the ban on cryptocurrency transactions in the country in a significant reversal of its previous stance.The...

Central Bank Of Nigeria Lifts Crypto Ban Following New SEC Regulation – CryptoInfoNet

Source: AdobeStock / FarazThe Central Bank of Nigeria (CBN) has reversed its ban on dealing with companies involved in digital tokens.According to a...

Hashdex Names BitGo As Bitcoin Custodian, Changes Name To Hashdex Bitcoin ETF

Hashdex, would-be bitcoin exchange-traded fund (ETF) issuer, changed its paperwork on Friday, naming BitGo as its bitcoin custodian. Hashdex also changed...

Elon Musk Downplays Cryptocurrency, Says X Payments Likely By Mid-2024

Elon Musk provided a new estimate concerning the launch of payment features on X (formerly Twitter), as reported on Dec....

Paxos To Launch New Stablecoin, USDP, On Solana After Shutting Down BUSD

After shutting down BUSD, Paxos is back with a new stablecoin, USDP. Paxos has received the necessary permissions to expand USDP stablecoin...

Banks Will Soon Embrace Cryptocurrencies And Blockchain: Ripple SVPs Predict

Ripple Senior Vice Presidents (SVPs) revealed that banks and other traditional financial institutions will see the benefits and embrace cryptocurrencies and...

Argentina To Embrace Bitcoin-Denominated Financial Contracts

Argentina Foreign Minister Diana Mondino announced that financial contracts can now be denominated in Bitcoin. The announcement marks a significant advancement in...

BREAKING! Central Bank Of Nigeria (CBN) Lifts Ban On Cryptocurrency Transactions, Issues New Guidelines

The Central Bank of Nigeria (CBN) has changed its stance on cryptocurrency in the country and has lift ban on...

Amid Naira FX Oscillation, Bitcoin Surges To All-Time High In Nigeria – CryptoInfoNet

UTOMI EKPEI/AFP via Getty Images)AFP via Getty ImagesAs the Central Bank of Nigeria continues to clear the outstanding FX backlog, the Naira continues...

Why Bitcoin holds the upper hand against CBDCs

When FTX crashed in November 2022, it triggered a multi-billion dollar exodus spree, bringing Bitcoin down 22% in a single day. By the end...

Nigeria’s Central Bank: The eNaira poses no risk to the country’s financial stability

The Central Bank of Nigeria has issued an official statement in response to reports circulating on various media platforms. These reports suggested that the...

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