Cryptocurrency usage has continued to grow in Nigeria as Africa’s most populous country grapples with a weakening currency and soaring inflation, New York-based blockchain research firm Chainalysis said in a report on Wednesday. The country, which ranked second overall on…
The cryptocur rency trading platform Binance has outlined two conditions that must be met before it can consider registering under Nigeria’s Securities and Exchange Commission’s (SEC) special framework program for onboarding Virtual Assets Service Providers (VASPs), including crypto platforms. Binance’s…
The Securities and Exchange Commission (SEC) says the regulation of crypto-currencies and other digital assets are under its full control and regulation. The Director-General of SEC, Dr Emomotimi Agama, said this at the first Annual Conference of the Association of…
The Nigerian Securities and Exchange Commission (SEC) has launched a new program aimed at speeding up the registration process of Virtual Assets Service Providers (VASP). According to the regulatory body, the new program will serve as an amendment to existing…
…Stakeholders applaud regulation as potential catalyst for Govt tax revenue industry growth The Central Bank of Nigeria (CBN) has rescinded its previous ban on cryptocurrency transactions. This development emerged from a circular issued on December 22, 2023, signaling a new…
Economic and blockchain experts have stated that the Federal Government may soon lift its ban on cryptocurrency following its recently announced blockchain policy. According to the newly approved National Blockchain Policy, “The Nigerian Government recognises cryptocurrency as one of the…
The International Monetary Fund has said that the global boom of cryptocurrencies poses new problems for financial stability. The IMF said this in a blogpost on Friday. According to the body, the crypto ecosystem allows for quick and easy payments,…
