Bitcoin News / Bitcoinist - 1 year ago
Nigeria’s Securities and Exchange Commission (SEC) has warned Nigerians against investing or trading on Binance, the world’s largest crypto exchange by trading volume. The Commission, as part of its “statutory mandate of investor protection,” warned...
Cryptocoins News / The Cointelegraph - 1 year ago
The agency insists that the platform doesn’t have a license to work in the country and that its operation is illegal. The Nigerian Securities and Exchange Commission (...
Cryptocoins News / Blockchain - 1 year ago
SEC Nigeria warned against investing with Binance, declaring its operations in Nigeria illegal. The notice, dated July 26, 2023, urges caution with unregulated crypto-assets. (Read More)
Cryptocoins News / Finance Magnates - 1 year ago
Nigeria’s Securities and Exchange Commission (SEC) reiterated its warning against Binance, the largest crypto exchange in terms of trading volume, highlighting that the platform has been “soliciting Nigerian public to trade crypto assets.” Binance Is...
by COINS NEWS - 1 year ago
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by COINS NEWS - 1 year ago
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Bitcoin News / Bitcoin.com - 1 year ago
The Nigerian central bank has said it is amending the model of its central bank digital currency and is hopeful that such an exercise will result in “an increase in the volume and activity of wallet holders.” According to the acting gover...
More / Bitcoin Reddit - 1 year ago
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by COINS NEWS - 1 year ago
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Cryptocoins News / The Cointelegraph - 1 year ago
The central bank reportedly emphasized that the addition of NFC technology will play a crucial role in boosting the adoption rates for the CBDC. Despite the former gov...
Bitcoin News / Bitcoin.com - 1 year ago
The Nigerian social payments platform Bundle said on July 20 it was shutting down its crypto exchange services business and will now focus on its peer-to-peer platform known as Cashlink. Bundle said users must withdraw or convert their digital assets...
Cryptocoins News / The Cointelegraph - 1 year ago
The company said it would shut its exchange services as part of the shareholders’ decision to restructure the business to focus on Cashlink. Nigerian social payments a...
Bitcoin News / Bitcoin.com - 1 year ago
The exchange rate of the Nigerian currency versus the greenback recently plunged to an all-time low of NGN860:USD1. The naira’s depreciation has been attributed to shortages of foreign exchange on the official market and the rising demand for f...
Bitcoin News / Bitcoin.com - 1 year ago
The central banks of Egypt and Nigeria have signed a fintech agreement to deepen the two institutions’ “cross-border regulatory collaboration” and information sharing. The London Institute of Banking & Finance, which also signed...
Bitcoin News / Bitcoin.com - 1 year ago
The Nigerian government declared a food price emergency after the latest data from the National Bureau of Statistics (NBS) showed that the country’s inflation rate had gone up by 0.38% to 22.79%. The NBS said the June inflation figure does not...
Bitcoin News / Bitcoin.com - 1 year ago
According to a report, the central banks of Ethiopia and Nigeria recently consummated a $100 million currency swap transaction. Under the arrangement, an Ethiopian airliner was paid local currency equivalent to $100 million while Dangote Cement is sa...
Cryptocoins News / The Cointelegraph - 1 year ago
Industry stakeholders seek clarity regarding the implications of taxation and its connection to the recognition of cryptocurrency and associated procedures. The presid...
Bitcoin News / Bitcoin.com - 1 year ago
According to Bank of America analysts, the Nigerian currency is currently undervalued and will likely end the year trading at around NGN680 per dollar. The analysts assert that higher oil revenues and a liberalized import regime will likely see Niger...
by COINS NEWS - 1 year ago
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More / Bitcoin Reddit - 1 year ago
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Bitcoin News / Bitcoin.com - 1 year ago
Changpeng Zhao, the CEO of Binance, said the recently banned Binance Nigeria Limited has been issued with “a cease and desist notice.” Zhao, who has since branded the Nigeria-registered company a “scammer entity,” told his fol...
Bitcoin News / Bitcoinist - 1 year ago
Binance CEO Changpeng Zhao has taken to Twitter to deny any association with Binance Nigeria Limited which has been mistaken as part of the exchange. As a result, the exchange has now issued a cease and desist notice to the impersonator(s). False Bin...
Cryptocoins News / The Cointelegraph - 1 year ago
This comes after the Nigerian Securities and Exchange Commission released a circular stating the illegality of Binance Nigeria Limited in the country. Binance CEO Chan...
by COINS NEWS - 1 year ago
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Bitcoin News / Bitcoin.com - 1 year ago
The Nigerian currency’s official exchange rate versus the greenback recently plunged to NGN634 per dollar from just under NGN470 per dollar. The central bank’s decision to allow the naira to “float” came a few weeks after Nigerian p...
