Central Bank Of Egypt Set To Ban Cryptocurrency And Encrypted Currency Trading Without Legal License

By Ogbuowelu Uchechukwu

Central Bank of Egypt (CBE) creates a new law banning the promotion or operation of platforms for issuing or trading encrypted currency or cryptocurrency without obtaining the needed legal licenses from authorities, reported Egypt Independent. The draft bills grants the CBE to issue guidelines governing the trading and dealing on encrypted currency and cryptocurrency according…

Award Winning Tennis Player Serena Jameka Williams Invests In Coinbase.

By Ogbuowelu Uchechukwu

World Famous Tennis Player, Serena Jameka Williams revealed in an instagram post dated April,2019 that she had invested in over 30 companies worldwide since 2014. Serena Williams revealed she had invested in over 30 companies worldwide including coinbase through her business brand Serena Ventures . “I launched Serena Ventures with the mission of giving opportunities…

Beware Of Fake Emails; Central Bank Of Nigeria Warns The Public.

By Diutocoinnews

The Deputy Governor Central Bank Of Nigeria Mr Lametek Adamu has called on the attention of the public regarding issues arising from fake email addresses sending out mail and requesting deals in the name of the Deputy Governor. According to the report issued by the nation’s bank through Mr Isaac Okorafor, Director Corporate Affairs. The…

Naira Appreciates to ₦358 In The Parallel Market

By Diutocoinnews

The Dollar To Naira Exchange Market For Investors And Exports Appreciates. Data from FMDQ showed that the naira to dollar exchange rate for the Investors And Exports window dropped to N361.72 per dollar yesterday from N362.58 per dollar on Friday resulting to 86 kobo appreciation of the naira. The appreciation been the result of 21…

ECOWAS To Launch A Unified Currency For The Region In 2020.

By Diutocoinnews

From the information gathered at the ECOWAS headquarters in Abuja. Every details for the launch of the unified currency for the region by the sub-regional body’s Macroeconomic Policy and Economic Research Department is being strengthened. Under the current arrangement, all monetary authorities in West Africa are to be unified by an economic convergence plan with…

NITDA To Releases New Regulations And Guildlines For The IT Sector Including Blockchain And Cloud Computing In Nigeria

By Diutocoinnews

The National Information Technology Development Agency, NITDA released five new regulatory instruments to ensure a well regulated and organized best practice for efficient development of Information Technology sector in Nigeria. The new guidelines includes: The Rule Making Process Regulation of NITDA; The Nigerian Data Protection Regulation; Guideline for It Clearance; Guidelines for Public Internet Access…

The State Of Cryptocurrency Regulations In African Countries And The World.

By Diutocoinnews

  REGULATED IN SOUTH AFRICA. South Africa, the second largest economy in Africa previously in 2015 released straight no statement on Cryptocurrency activities in the country. But as of Jan 2019, the Intergovernmental Fintech Working Group comprised of members from the Treasury and the South Africa Reserve Bank (SARB) released the country’s consultation papers on the regulatory…