Nigeria Archives - Page 3 of 12 - Cryptotimes Africa

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Regulating | “Tigran Gambaryan Arrested Unlawfully in Nigeria on Money Laundering Accusations,” US Lawmakers Restate Following Visit

by Crypto Oracle June 23, 2024

Tigran Gambaryan, the executive of Binance, is being held due to pneumonia and malaria. Two US legislators have demanded that he be released from custody and given access to medical care. Reps. Chrissy Houlahan, D-Pa., and French Hill, R-Ark., said that they…

News

Regulation | Owing to “Current Realities,” Nigeria SEC Issues a Notice for Onboarding VASPs in 30 Days

by Crypto Oracle June 22, 2024

A notification to revise its regulations on the issuance of digital assets, offering platforms, exchange, and custody has been released by the Nigerian Securities and Exchange Commission (SEC). The notice further stated that the SEC was creating a unique onboarding window for…

News

NIGERIA | According to a local analysis, the Niger Delta is where Bitcoin interest in Nigeria is strongest.

by Crypto Oracle June 18, 2024

Despite an increasing crackdown on digital asset trading platforms, local Nigerians are nonetheless interested in cryptocurrencies. Bitcoin and meme coins like DogeCoin are the most popular in different locations. An survey by a local publication claims that financial gain and hedging against…

Coins News

Nigerian Comedy King Sabinus Launches His Own Crypto, Sabicoin, on Solana

by Terry Kunle June 17, 2024

Popular Nigerian comedian Sabinus (real name Chukwuemeka Richard Okpala) is making waves in the crypto space with the launch of his own digital currency, Sabicoin. Built on the Solana blockchain, Sabicoin marks Sabinus's entry into the ever-growing world of celebrity-backed cryptocurrencies. Fan…

News

Zone Launches Decentralized PoS Payment Gateway

by Terry Kunle June 5, 2024

Set To Eliminate Failure Points, Chargebacks, and Chargeback Fraud. Zone, Africa's fast-growing payment infrastructure company has announced the launch of its highly anticipated POS Payment Gateway product built on the latest version of its next-gen payment infrastructure that is powered by blockchain…

Feature

Nigeria’s Crypto Future: Regulation or Roadblock?

by Terry Kunle June 5, 2024

The International Monetary Fund (IMF) has ignited a debate in Nigeria's burgeoning crypto space. Their recent recommendation for mandatory licensing of global cryptocurrency exchanges in Nigeria has drawn mixed reactions, with the CEO of NoOnes marketplace, Ray Youssef, expressing concerns about stifling…

News

Nigerian Senate Pushes for Crypto Regulation, Sees Potential Boost for Naira

by Terry Kunle June 4, 2024

Nigeria's Senate Committee on Capital Markets is urging the government to embrace cryptocurrency regulation, arguing it could benefit the local currency, the Naira. This comes amidst the country's ongoing struggle with its stance on digital assets. Regulation: A Logical Step to Protect…

Article

Nigerian Crypto Shakeup: Will Delisting Naira from P2P Save the Currency?

by Terry Kunle May 17, 2024

Nigeria's recent move to delist the Naira from peer-to-peer (P2P) crypto trading platforms has sent shockwaves through the African crypto community. The stated goal? To combat alleged manipulation of the Naira's exchange rate. But will this bold step truly strengthen the Nigerian…

News

Why Crypto Exchange platforms are delisting Naira from P2P (peer-to-peer)

by Terry Kunle May 17, 2024

Nigerian authorities, including the Office of the National Security Adviser (NSA) and the Securities and Exchange Commission (SEC), are cracking down on the use of Naira in P2P crypto trading. Platforms like KuCoin have already begun delisting Naira as a trading option…

News

Furex crowns Top Traders at Leaderboard Challenge Prize Presentation in Lagos

by Terry Kunle May 14, 2024

Furex Technologies, a leading digital finance platform, recently hosted its highly anticipated Leaderboard Challenge Prize Presentation Event at the prestigious Gazzy Lagos Restaurant in Lekki. The event, which took place on May 3, 2024, brought together traders from across Nigeria to celebrate…