Nigeria, a country with one of the world’s highest cryptocurrency adoption rates, is set to become the first African nation to launch its own central bank digital currency (CBDC) today as President …
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50% of Africans invest in cryptocurrency to pay for their children’s education
According to a recent poll, most cryptocurrency investors from Kenya, Nigeria, and South Africa have entered the digital asset market with long-term goals such as securing their families’ wellbeing. The …
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LATOKEN Launches Peer-to-Peer Payments Platform for Nigeria
LATOKEN digital exchange launches a new peer-to-peer payments platform for Nigerians. The LATOKEN exchange, a licensed and regulated exchange, is recognized as the largest primary market for digital assets. Nigeria …
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Central bank of Nigeria does a u-turn on Bitcoin ban and says they now “allow” it
According to local news reports, the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, says he will “allow” the trading of Bitcoin and other cryptocurrencies. In February this year, CBN Director Bello Hassan signed …
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Crypto is going to “come to life” in Nigeria, central bank governor says
At a 279th meeting of the Monetary Policy Committee in Abuja, Central Bank of Nigeria Governor Godwin Emefiele expressed confidence that cryptocurrencies like Bitcoin (BTC) will be legal in the …
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Nigeria’s vice president advises cryptocurrencies to challenge traditional banking
The Nigerian cryptocurrency community was shaken to its core when the country’s apex bank released a circular warning financial institutions to desist from enabling cryptocurrency transactions. The Central Bank made …
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Cryptocurrency market is too big to ignore according to Nigeria SEC
Having recently suspended its planned crypto regulations in the wake of the central bank ban, Nigeria’s Securities and Exchange Commission has clarified its position on cryptocurrencies in the country. According to a report by Premium …
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Nigeria’s Central Bank move aims to burst the country’s cryptocurrency bubble
The latest crackdown by Nigeria’s central bank on cryptocurrency has elicited outrage and confusion in a country where the virtual currency has boomed in the last five years. It’s also emblematic …
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Central Bank of Nigeria imposed a ban on cryptocurrency trading activities
News emanating from Nigeria reveals that the country’s central bank has allegedly placed a ban on buying and selling cryptocurrencies. A circular disseminated by the Nigerian Central Bank has revealed …
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