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REGULATIONS

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…

We have engaged with the CBN and agreed to work together to further analyze Crypto securities Says SEC Nigeria

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SEC PRESS RELEASE:  “We have engaged with the CBN and agreed to work together to further analyze Crypto securities” The Securities and Exchange Commission of Nigeria (SEC Nigeria) has put out a Press release to calm all opinions concerning the…

There are Strict Regulatory Limits on Personal Accounts for Active Crypto-Traders — Kuda Bank

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Kuda has reportedly blocked active naira bank accounts over unclear regulatory terms. A crypto guy identified as Nex Crypto on Twitter narrated how his account and that of his colleagues were blocked by Kuda for different reasons. “Kuda blocked my…

Kuda Bank Debunks Claims of Shut Down! 

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Kuda bank has recently debunked claims of shut down circulating the internet. In a recent tweet, Kuda bank debunked claims that the Central Bank of Nigeria (CBN) will shut down the bank reinstating the trust of its customers towards their…

South Africa Government to regulate crypto trading Due to Increased Scam Activities 

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South African regulators are seeking to exercise more control over cryptocurrency trading, coming after the collapse of what was asserted to be the largest Ponzi scheme the country has ever seen.

IMF Confirms Only 14 Countries (5 African Countries) that are Allowed to Issue Digital Currencies Under Existing Laws.

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The International Monetary Fund (IMF) has put out a report ascertaining the list of countries that are legally allowed to issue digital currencies. Among these 14 countries are 5 African Countries. These Africa countries include: Eswatini (Swaziland) – E-lilangeni Ghana…

Dr Pantami Urges Accountants to Embrace Disruptive Technology in Execution of Activities

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Dr Pantami Urges Accountants to Embrace Disruptive Technology in Execution of Activities

Nigeria Outlines the Draft on National Blockchain Adoption Strategy for the National Adoption of Blockchain Tech and DLT in Nigeria

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The draft national blockchain adoption strategy for the national adoption of Blockchain Tech and DLT in Nigeria was recently released by the National Information Technology Development Agency (NITDA).