Egyptian Parliament Approves Pact For North African Nation To Join BRICS Bank.
Egyptian legislators recently praised the parliament’s endorsement of a pact that allows the country to join the New Development Bank, a report has said. According to the report, the lawmakers believe joining this BRICS ( Brazil, Russia, India, China, and…
Nigerians Has Traded Near N500 Billion In Bitcoin Despite CBN Ban
Nigerians traded N497.35bn ($1.16bn) worth of Bitcoin from the beginning of 2021 to June 2022, indicating an increasing prominence of the digital currency in the nation. This is despite the Central Bank of Nigeria’s restriction on cryptocurrencies in the nation….
Russia Bans Crypto Digital Assets As Means Of Payment.
Russian President Vladimir Putin today signed into law a national ban on using digital assets for payments, the legislation compels exchange operators to refuse to process transactions facilitating the use of DFAs, a legal category currently covering cryptocurrencies, as “monetary…
Nigeria SEC Issues Regulation For Crypto, NFT And Other Digital Asset Transactions.
The Securities and Exchange Commission (SEC) of Nigeria on Friday released new regulations for the trading of cryptocurrency, NFTs and other digital assets in Nigeria. This is contained in a recently released document titled, “New Rules on Issuance, Offering Platforms, and Custody…
Binance Restricts 281 Account Of Nigerian Users As The CEO Pleads For Understanding.
Binance CEO, Changpeng Zhao CZ in a commitment letter to it’s Nigerian users today, addressing the recent viral online protest by Nigerians over banned accounts revealed that some 280 accounts of Nigerian users were restricted through directive of International law…
Russia’s President, Putin Stops Crypto Ban.
President Vladimir Putin has called the nation’s legislative government and central bank to work out a common position on their regulation, instead of restrictions, the Russian leader also noted that Russia has the opportunity to become a crypto mining destination….
Breaking ! Nigeria Govt Lifts Twitter Ban After 214 Days.
Nigeria has lifted the arbitrary suspension it placed on Twitter operations in the country, effective from 12 am, January 13, 2022. The announcement was contained in a press statement on Wednesday signed by the Director-General of the National Information Technology…
Don’t Ban Crypto: Nigerian Minister.
The minister of Budget and National in Nigerian has made call for regulation of cryptocurrencies instead of the CBN clamp down stating that a healthy crypto space is filled with opportunities for the country. The minister made the call as…
CBN Agents May Be Trading on Popular P2P Platforms To Trap Crypto Traders, Sources Allege.
As CBN clamp down on cryptocurrency traders intensifies, feelers emerging from the apex bank has alleged that the bank plants spurious P2P agents on popular crypto trading apps to trap unsuspecting users. The modus operandi of this CBN agent the…
Again, CBN Closes Accounts of Nigeria Crypto/Blockchain Company Cryset, 7 Others Over Crypto Trading.
The Central Bank of Nigeria, on Thursday placed a no debit order on eight business accounts in a circular sent to all Nigerian Banks. The post no debit instruction order contained in the circular was placed on eight accounts for…