Nigeria arrests creator of Pinkoin cryptocurrency
Nigerian authorities arrested Omotade-Sparks Amos Sewanu, the founder of the InksNation pyramid scheme, whose activities caused losses of over 32 million naira (more than $77,800).
Nigeria arrests creator of Pinkoin cryptocurrency
Nigerian authorities arrested Omotade-Sparks Amos Sewanu, the founder of the InksNation pyramid scheme, whose activities caused losses of over 32 million naira (more than $77,800).
Nigeria’s P2P trading volume rises 27% after Bitcoin-exchange accounts were closed
Three months after the Central Bank of Nigeria (CBN) barred banks from servicing crypto-related companies, Nigeria's peer-to-peer trading volume rose by 27%.
Nigeria’s central bank clarifies its position on cryptocurrencies
The Central Bank of Nigeria (CBN) has not prohibited locals from buying and selling Bitcoin; the restrictions apply only to financial institutions. This was reported by Today NG.
Nigeria’s vice-president calls for a cautious rollout of blockchain
Blockchain and cryptocurrencies will inevitably transform traditional finance, but their adoption should not lead to adverse side effects. This was stated by Nigerian vice-president Yemi Osinbajo.
Bitcoin price in Nigeria has reached $76,000
The price of the first cryptocurrency in Nigeria surpassed $76,000 after the central bank banned financial institutions from providing services to exchanges and cryptocurrency-related companies.
Nigerian Senate calls on central bank to explain restrictions on Bitcoin exchanges
The upper chamber of Nigeria's parliament summoned the Central Bank Governor Godwin Emefiele for a briefing on the opportunities and risks of cryptocurrencies. The move followed new regulator requirements for financial institutions.
Nigeria bans banks from servicing Bitcoin exchanges
The Central Bank of Nigeria (CBN) has prohibited commercial financial institutions from providing services to cryptocurrency exchanges and digital asset companies. The directive took effect upon publication.
Nigerian authorities to develop legal standards for cryptocurrencies
The Nigerian Ministry of Finance, together with the National Securities and Exchange Commission (SEC), will develop a regulatory framework for cryptocurrencies and blockchain technology. This was reported by the local publication Business Day.
Nigerian regulator classifies crypto assets as securities
The Securities and Exchange Commission (SEC) of Nigeria published a document stating that digital assets are securities, “unless proven otherwise”.
Blockchain for Infrastructure: Two More Countries To Employ The Tech
This week, two different blockchain projects, Stellar and Factom, have announced their partnerships aiming at modernization of infrastructure in different countries with the opportunities inherent in the blockchain technology. While Factom works with technology consulting company iSoftStone on development of so-called ‘smart city’ strategy for several Chinese towns with the Chinese government as an end […]We use cookies to improve the quality of our service.
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