DiutoCoinNews

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

Regulations

Nigerian and Ghana Central Banks Invites Tech Innovators To Participate In Their Respective Regulatory Sandbox. 

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Nigeria and Ghana central banks have invited financial innovators that wish to be included in their respective regulatory sandboxes to submit applications. The Bank of Ghana said its sandbox will also support innovations that attempt to solve the financial exclusion…

Kenya New Regulatory Sandbox For Tech Startups Calls For Industry Expert Inputs. 

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The Communications Authority of Kenya (CAK) recently published a draft called:  “Framework for Emerging Technologies Regulatory Sandbox” for tech ecosystems, and is seeking feedback from the public by February 3, 2023. The CAK has the responsibility of establishing and reviewing…

South Africa Mandates Risk Warnings On Crypto Adverts With New Advert Regulatory Code. 

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South Africa’s Advertising Regulatory Board (ARB) has included a new clause for the cryptocurrency industry aimed at protecting consumers from unethical advertising. Companies and individuals in South Africa must abide by certain advertising standards pertaining to the provision of cryptocurrency…

Nigeria Stablecoins And ICOs Legal Framework In The Pipeline. 

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 Nigeria Central Bank has declared its readiness to accept the existence of private stablecoins as well and the necessity to create a legal framework for stablecoins is defined in the latest central bank strategy paper.  Published under the headline “Nigeria…

It’s Time To Regulate Africa Crypto Market: Experts.

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Africa is one of the fastest-growing crypto markets in the world, according to Chainalysis, but remains the smallest, with crypto transactions peaking at $20 billion per month in mid-2021. Kenya, Nigeria, and South Africa have the highest number of users…

Nigeria To Convert It’s N20 Trillion Central Bank Loan Into Bond

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The Nigerian government is to restructure its record N20 trillion debt to the central bank to bonds repayable in 40 years with interest rate of 9%, . The borrowing, added to the Nigerian government’s debt figure estimated at N42.8 trillion…

Nigeria’s President Signs Startup Bill Into Law.

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President Muhammadu Buhari has signed the Nigeria Startup Bill into law, the Minister of Communications and Digital Economy, Isa Pantami disclosed this after a meeting with the President at Aso Villa today. He disclosed that the startup bill passed the…

Crypto Classified As Financial Product, In South Africa’s Latest Adoption Move.

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All Crypto assets henceforth will be identified as financial products in South Africa, to make it easier for regulators to monitor the market and help to safeguard consumers according to the nation’s Financial Sector Conduct Authority. The Financial Sector Conduct…

Ghana Crypto and Fintech Regulatory Sandbox Set To Provide Solution For Crypto Businesses In The Country.

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The Bank of Ghana has launched a Regulatory and Innovation Sandbox that could be the solution for crypto regulations in Ghana. First Deputy Governor of the Central Bank, Dr. Maxwell Opoku-Afari announced this when he opened a stakeholder forum for…

EU MiCA Laws Set To Checkmate Volatile Crypto Ecosystem and Protect Investors; A Call For African To Set Up Harmonized Regulatory Laws.

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The European Union’s Markets in Crypto Assets Regulation (MiCA) a twenty seven (27) nation organization has resolved to offer a single, clear rulebook that would require crypto companies to register with the authorities, to hold sufficient capital to steady stablecoins…


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