Nigeria

February 21, 2024

Binance adopts USDT price cap to align with local rules in Nigeria

Binance, the leading cryptocurrency exchange, has imposed a price limit on the selling of Tether (USDT) tokens on its peer-to-peer (P2P) platform in Nigeria. The maximum […]
February 12, 2024

Nigeria urged to regulate cryptocurrency to tackle financial crimes

Adedeji Owonibi, co-founder of Nigerian blockchain intelligence service provider A&D Forensics, emphasizes the necessity for the Nigerian government to regulate cryptocurrency activities to combat financial crimes, […]
September 08, 2023

Blockchain could have prevented Nigeria’s naira scarcity — Local experts

According to Christopher Eniayemo, the decision to print new naira notes could have occurred via DeFi, involving Nigerians and aiding readiness for the change.   A […]
July 07, 2023

Nigerian crypto tax move is ‘premature’ — Local stakeholders

Industry stakeholders seek clarity regarding the implications of taxation and its connection to the recognition of cryptocurrency and associated procedures.   Obinna Iwunna, the president of […]
May 29, 2023

Nigerian crypto company suspends withdrawals after BTC and naira compromise

Efforts are underway to recover compromised assets and enhance security measures as users express concerns on social media.   Patricia – a Nigerian gift card and […]
December 19, 2022

Nigeria set to pass bill recognizing Bitcoin and cryptocurrencies

The proposed law comes as Nigeria’s eNaira has managed to achieve only 0.5% adoption, more than a year after its launch in October 2021.   It […]

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