-
Nigeria: Crypto Crackdown Causes Confusion
DW, 12 February 2021
Nigeria -- the world's second-largest Bitcoin market after the United States -- has banned the trading of cryptocurrencies. It's triggered anger among Nigerians who see cryptos as… Read more »
-
Nigeria: Nigeria Justifies War On Cryptocurrencies, Takes Tougher Actions
Citizen, 9 February 2021
The Central Bank of Nigeria (CBN) has ignored the uproar over a crackdown on cryptocurrencies, giving several reasons for the move, ordering investigations and blocking all the… Read more »
-
Nigeria: What's the Big Deal About Cryptocurrency?
Vanguard, 8 February 2021
A new CBN directive, dated February 5, 2021, has ordered all deposit money banks, DMBs, non-bank financial institutions, NBFIs, and other financial institutions, OFIs, that have… Read more »
-
Nigeria: 'Why Banning Cryptocurrency Transactions Is Not Right'
Premium Times, 8 February 2021
"This is livelihoods for Nigerians, so why would you take actions that look as if you are taking away opportunities from Nigerians especially in a depressed economy." Read more »
-
Nigeria: Cryptocurrency - CBN and National Security
This Day, 8 February 2021
The ban on digital currency is in order. Read more »
-
Nigeria: Central Bank Explains Ban on Cryptocurrency Transactions
Premium Times, 7 February 2021
"The question that one may need to ask therefore is, why any entity would disguise its transactions if they were legal." Read more »
Nigeria Central Bank Acts on Cryptocurrencies
The Central Bank of Nigeria has been warning citizens since 2018 of the risks associated with investing in cryptocurrency, which is not considered legal tender in the country. The bank said that it banned cryptocurrency-related transactions because it is being used for money laundering and terrorist activities.
InFocus
-
While Nigeria's Securities and Exchange Commission turns its attention to regulating digital currency and crypto-based companies, other African countries, including South Africa, ... Read more »
-
With a decline in Bitcoin seeing many Nigerians pull back on their losses in the cryptocurrency market, does Africa still represent the next frontier of the virtual currency ... Read more »
-
The Central Bank of Nigeria has cautioned Nigerians to be wary of investments in cryptocurrency, stressing that virtual currencies are not legal tender in Nigeria. Read more »
