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

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“Crypto Is Evil” : Binance New Campaign Calls For Global Regulation.

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Global Cryptocurrency exchange platform, Binance called for “global regulatory frameworks for crypto markets” on Tuesday with a publication of “10 Fundamental Rights for Crypto Users” and barrage of crypto ads in major global news media platforms. The 10 Fundamental Rights…

There Is No Law Against Crypto In Nigeria: Court Rules. Unfreezes CBN Blocked Accounts Over Crypto Trading.

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CBN Circular is Not Law. A Federal High Court sitting in Abuja has vacated an interim order through which the Central Bank of Nigeria (CBN) froze the bank accounts in two banks of a firm that traded in cryptocurrency according…

Report Your Crypto Payments, South Africa Revenue Service Warns Businesses.

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Failure to declare payments from any form of cryptocurrency business can attract penalties upto to jail term according to South African Revenue Service SARS. All cryptocurrency transactions must be declared on tax returns, whether you bought any cryptocurrency, or exchanged…

What is the Effect of US Infrastructure Bill On Cryptocurrency ?

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Over the past week, discussions among cryptocurrency users and industry experts centred a great deal, on how US infrastructure bill’s target to introduce series of taxations on cryptocurrency operations will affect cryptocurrency ecosystem. The bills seeks to make cryptocurrency brokers,…

Uruguay Senator Introduces Bill To Adopt Cryptocurrency as a Means of Payment.

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A senator from Uruguay has introduced a bill on the floor of the country’s senate to adopt cryptocurrency as a means of payment and regulate crypto use in the South American country. The bill, presented on Tuesday by Senator Juan…

A Huge Crypto Milestone: German Law Allowing Financial Institutions to Hold Cryptocurrency Takes Effect Tomorrow Aug 2 .

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Lessons For Nigeria Lawmakers and Financial Institution Regulators. Starting tomorrow, August 2,2021, German institutional funds can hold their assets in cryptocurrency to the tune of 20%. This is a pace setter for more mainstream adoption of cryptocurrency into subsidiary financial…

First Regulatory Framework For StartUps in Nigeria Underway.

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Bill to regulate fintech and cryptocurrency. The collaborative bill calls for suggestions A bill to regulate startups in Nigeria is on the works through collaborative efforts of Nigeria tech ecosystem players and representative of Nigerian government. The journey began in…

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…

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…