Adoption
Nigeria ends years-long restrictions on crypto transactions
Under the new guidelines, financial institutions are now allowed to open accounts for businesses dealing in virtual/digital assets.
Assad Jafri 3 min read
Nigeria News
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Adoption
Nigeria national agency to authenticate government certificates using blockchain
NITDA said issuing NYSC certificates via blockchain would help to combat fraud and forgery.
Exchanges
Nigerian authorities call on government to ban Binance amid Naira crisis
The ABCON President said Binance was the most liquid market, and contributing the struggles of the local currency.
Latest Nigeria Crypto News & Analysis
Exchanges
Nigerian SEC doubles down on Binance warning despite its recent approval in Dubai
The Nigerian financial regulator specifically mentioned Binance's official website in its new warning.
Exchanges
Binance CEO issues cease and desist to unaffiliated Binance Nigeria Limited
The Nigerian SEC had declared Binance Nigeria Limited's operation in the country as illegal.
Analysis
Nigeria CBDC experiment stumbles amid public resistance: Report
Nigeria's eNaira experiment, in which forceful measures to replace physical currency with a CBDC led to nationwide protests and public distrust, offers crucial lessons for future CBDC implementations.
Regulation
Nigerian government formally approves blockchain use
Many Nigerians have questioned if the new blockchain policy legalizes cryptocurrency usage in the African country.
Regulation
Nigeria SEC will support asset-backed tokens: Bloomberg
Aside Nigeria, several other countries like Germany and Singapore are also considering assets tokenizations.
Adoption
Metamask, Moonpay partner to allow Nigerians buy crypto directly
In 2021, the central bank of Nigeria ordered banks to stop facilitating cryptocurrency transactions and close all crypto-related accounts.
