Reporting on Fintech, Bitcoin, Ethereum, Blockchain and Cryptocurrency News in Nigeria

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Central Africa Republic Crypto Hub Won’t Receive World Bank Support.

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The World Bank has expressed its concerns over the Central African Republic (CAR) adopting Bitcoin (BTC) as a legal currency noting that it won’t back the newly announced “Sango” crypto hub. At the end of April, CAR president Faustin-Archange Touadéra…

Central African Republic Plans To Establish A Cryptocurrency Economic Zone.

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A crypto hub is emerging in The he Central African Republic (CAR), the second country in the world to adopt bitcoin as a legal currency after El Salvador, plans to develop a hub to attract cryptocurrency businesses and enthusiasts to…

Venture Funding For African Crypto Start-ups Multiplied By Near A Dozen.

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According to a new report by blockchain-investment firm Crypto Valley Venture Capital (CV VC) and Standard Bank, more venture funding flowed into the Africa in 2022’s first quarter compared to the first quarter of 2021 as crypto and blockchain adoption…

As Nigeria SEC Issues Crypto Regulations, US SEC Warns Crypto Investors.

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The US Securities and Exchange Commission has warned the investing public about cryptocurrencies, stating that the digital asset class is not that decentralized. This criticism comes days after the Nigeria SEC decided to regulate digital assets. The US Securities and…

Nigeria SEC Issues Regulation For Crypto, NFT And Other Digital Asset Transactions.

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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…

“Crypto Is Fake Money” Rick Ross Calls Out Crypto Investors.

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Popular American rapper Rick Ross called out the cryptocurrency investors, questioning the authenticity of the money they claim to make in a recent Instagram story that went viral on social media.   The rapper, who boasts five number one albums in the…

Telegram Users Can Now Send and Receive Crypto Payments To Each Other.

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In one of the biggest boost for SocialFi, a decentralized layer-1 blockchain designed by Telegram, TON, has added a new crypto payments feature to the messaging app, the organization announced in a tweet over the week. The feature allows users…

Nigeria Made $760 Million Crypto Transactions In 2021, Leads Africa

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A report released by cryptocurrencyt rading platform, Paxful, has said Nigeria is the largest crypto-trading country in Africa with a trading volume worth over $760m in 2021. In a statement earlier in the week, the firm said that in the…

Panama Approves Law To Legalizes Crypto Transactions.

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Legislators in Panama’s National Assembly on Thursday approved a bill to legalize, regulate the use and commercialization of crypto assets in the Central American country renowned as a hub of offshore financial services. The bill opens the door to private…

Stock Exchange To Trade Crypto In Russia.

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The Central Bank of Russia has recently put forward a proposal to license traditional stock exchanges to operate in the digital assets (Cryptocurrencies/ NFT) market. Industry watchers say the regulator aims to provide investors with an option to trade cryptocurrencies…