Places Africa

Binance's regulatory woes deepen in Nigeria with the authorities increasing their scrutiny of the platform and its operations.

The Nigerian authorities have intensified their focus on Binance amid the escalating foreign exchange issues.

South Africa intends to legitimize crypto payments and make them an intrinsic part of the local economy over the coming years.

The Nigerian government barred access to crypto platforms because of their alleged roles in the country's fiat currency struggles.

Binance Nigerian users speculated that the exchange implemented a price cap at the behest of the government.

Hashlabs Mining CEO Kal Kassa said the new venture will include Bitcoin mining via Canaan Avalon machines. However, the government has yet to confirm this officially.

Nigeria's cNGN stablecoin to launch as an alternative to CBDC, promising remittance revolution and global trade efficiencies.

Under the new guidelines, financial institutions are now allowed to open accounts for businesses dealing in virtual/digital assets.

Digital assets become tools for home savings and retirement plans with 36% of Binance users relying on crypto for financial security.

Ripple is partnering with payments fintech company Onfariq to open routes connecting Africa and beyond.

Most countries are struggling to get their populace to use CBDCs as they do not offer the same level of convenience and benefits as private payment platforms.

The company applied for registration as a data controller on August 22, 2022, a year after commencing its activities in the country, violating the Data Protection Act of 2019.

Buterin spotlights potential of crypto in emerging economies while voicing concerns over future of CBDCs and exchanges.

Critics call it PR, CZ Binance defends crypto's role in swift disaster relief."

Breaking the silicon ceiling: stark gender disparity revealed in crypto leadership roles.

Kenya's Attorney General said Worldcoin is not a registered business in the country.

NITDA said issuing NYSC certificates via blockchain would help to combat fraud and forgery.

The ABCON President said Binance was the most liquid market, and contributing the struggles of the local currency.