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Nigeria

Binance issues cease and desist letter to ‘scam’ Nigerian entity
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20 June, 2023

Binance issues cease and desist letter to ‘scam’ Nigerian entity

Binance Nigeria was ordered to halt operations for operating an unregistered exchange by the country’s securities regulator, but CZ now...
Nigeria’s 10% digital asset tax gets mixed reactions
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16 June, 2023

Nigeria’s 10% digital asset tax gets mixed reactions

Some say the tax is an endorsement and legal recognition by the Nigerian government, but others say the tax is...
Binance Nigeria ordered to stop operations as CZ’s global exchange denies links
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13 June, 2023

Binance Nigeria ordered to stop operations as CZ’s global exchange denies links

Nigeria’s SEC ordered Binance Nigeria to halt operations as it’s unregistered, but the global exchange headed by Changpeng Zhao is...
IMF lauds eNaira in its 1-year assessment but cautions against intermediation
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25 May, 2023

IMF lauds eNaira in its 1-year assessment but cautions against intermediation

The International Monetary Fund says the eNaira has proven that a CBDC can work, but it says Nigeria has room...
Nigeria approves national blockchain policy following crackdown on digital assets
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8 May, 2023

Nigeria approves national blockchain policy following crackdown on digital assets

Nigeria sees its national blockchain policy as a gateway to open more jobs for its locals, promote digitization, and foster...
Nigeria SEC weighing allowing tokenized assets, ‘but not crypto’
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2 May, 2023

Nigeria SEC weighing allowing tokenized assets, ‘but not crypto’

The Nigerian securities regulator says it will allow exchanges to trade tokens backed by debt, equity, or property, but will...
Africa: Blockchain startups sees 429% surge in funding in 2022
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27 April, 2023

Africa: Blockchain startups sees 429% surge in funding in 2022

A new report reveals that Africa was the region with the highest growth in blockchain funding, with KuCoin and Scroll.io...
Nigeria’s Roqqu exchange secures regulatory nod in South Africa
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25 April, 2023

Nigeria’s Roqqu exchange secures regulatory nod in South Africa

Roqqu, with 1.4 million users, will allow users to withdraw and deposit South African rand, tapping into one of Africa’s...
Nigerian stablecoin payments startup Lazerpay shuts down
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19 April, 2023

Nigerian stablecoin payments startup Lazerpay shuts down

Lazerpay’s funding attempts failed, with one of its investors’ funds held up in the FTX collapse, and despite November layoffs,...
Nigerian fintech giant Flutterwave loses $6.4M in hack, and traders are feeling the heat
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2 April, 2023

Nigerian fintech giant Flutterwave loses $6.4M in hack, and traders are feeling the heat

Flutterwave has attempted to cover up the hack despite a court petition to freeze accounts, with digital asset traders crying...
Cash shortage sparks 63% spike in eNaira transactions
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26 March, 2023

Cash shortage sparks 63% spike in eNaira transactions

Nigeria’s cash shortage amid the botched note replacement program has been a big win for eNaira, with e-wallets now at...
Nigeria’s president-elect pledges to champion blockchain in revenue collection, banking
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15 March, 2023

Nigeria’s president-elect pledges to champion blockchain in revenue collection, banking

Bola Tinubu takes over from Muhammad Buhari who banned banks from servicing VASPs, and says he’ll do better and push...