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REGULATIONS

Central Bank of Nigeria (CBN) To Launch A Digital Currency Before The End of the Year 2021

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The Director, Information Technology Department, Central Bank of Nigeria (CBN), Mrs. Rakiyat Mohammed, revealed in a virtual briefing at the banker’s committee meeting yesterday, that the CBN will be launching a Central Bank Digital Currency (CBDC) before the end of…

Government Of India Reportedly Discards Bitcoin Ban Agenda

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According to a report by The New Indian Express on Thursday, the government’s opposing stance toward Bitcoin (BTC) appears to be shifting toward more acceptable regulatory policies for cryptocurrencies. According to inside sources quoted by the publication, authorities have dropped…

SARS Requests South Africa Exchanges for Client Data

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SARS Requests South Africa Exchanges for Client Data AltCoinTrader, VALR, and Luno have confirmed that the South African Revenue Service (SARS) has requested client data.  According to the crypto exchanges, the request is targeting certain customers. This request according to…

Largest Zimbabwean Financial Institution CBZ Holding Looks At Methods To ‘Leverage Cryptocurrencies’

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CBZ Holdings, Founded in 1980 is one of Zimbabwe’s biggest financial institutions, CBZ Holdings has declared that it is currently searching for ways it would  “leverage cryptocurrencies and other emerging digital innovations.” According to the financial institution’s chairperson, Marc Holtzman,…

Uganda Financial Intelligence Authority (FIA) Requests Cryptocurrency Regulatory Framework from the Ugandan Government.

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The Financial Intelligence Authority of Uganda (FIA Uganda) has requested the Ministry of Finance to come up with a framework to help regulate cryptocurrency operations in the country. This request has arisen due to non-compliance by various crypto exchange operators…

Ray Youssef of Paxful Shares his Thoughts on CBN’s Cryptocurrency Ban/Legitimacy in Nigeria

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The Chief Executive Officer of Paxful, Mr. Ray Youssef, who was in Lagos recently to dialogue with government officials, in this interview advises on the way forward for cryptocurrency business and adoption in Nigeria,  This interview was conducted by Dike…

The Economic and Financial Crimes Commission (EFCC) cautions Nigerians against Bitcoin, forex trading, and other financial investments.

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Three months after Nigeria’s central bank restricted financial institutions from dealing with crypto-related companies and securities, The Economic and Financial Crimes Commission (EFCC) has warned Nigerians against what it described as an investment that promises returns that look too good…

Bitcoin Hits New All-time High Above $63,000 Amidst the Blind Crypto Regulations in Nigeria.

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Bitcoin surged to a fresh record high of more than $63,000 today, amidst the unbecoming crypto regulations and other FinTech poised regulations in the country.  The price of bitcoin climbed as high as $63,236, according to data from Coin Metrics,…

The Government of India Stresses More on Crypto Ban

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The government of India has been uncertain about how to identify with the mass adoption of blockchain and cryptocurrencies around the world when it comes to cryptocurrencies. The Indian government has since 2018, been skeptical about deciding to ban cryptocurrency…

CBN Crypto Regulations: A Crypto Trader Claims GTBank Threatened to Arrest him.

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Crypto Trader on Twitter claims that Guarantee Trust Bank has threatened to arrest him after blocking his bank account. @Maxdiwailee on Twitter has claimed that he was threatened by GTBank for mainly trading cryptocurrencies, according to him, GTBank claimed that…