Nigeria's vice president Yemi Osinbajo Friday called for the regulation of cryptocurrencies in the country, as against the prohibition of digital currencies. “There is a role for regulation here," Osinbajo said at the Bankers Committee Vanguard in Lagos State. "And it is in the place of both our monetary authorities and SEC to provide a…

Foreign techies and innovators have renewed the historic scramble for the Nigerian market, following official restriction of local transactions in cryptocurrencies.

Nigeria’s Securities and Exchange Commission has said it has put on hold plans to regulate cryptocurrencies in the country. “For the purpose of admittance into the SEC regulatory incubation framework, the assessment of all persons and products affected by the CBN circular of Feb. 5, 2021, is hereby put on hold until such persons are…

Exchanges and investors in cryptocurrencies have started reviewing their business strategies as the Central Bank of Nigeria (CBN) sticks to its gun, saying its restriction of transaction in the digital assets is in the interest...

Former Nigeria vice president Atiku Abubakar on Saturday called for the reversal of the ban on cryptocurrencies trading in the country. "This is definitely the wrong time to introduce policies that will restrict the inflow of capital into Nigeria, and I urge that the policy to prohibit the dealing and transaction of cryptocurrencies be revisited,"…

The Central Bank of Nigeria (CBN) has directed banks to close accounts of persons or entities involved in cryptocurrency transactions within their systems. This is according to a circular dated 5th February 2021 distributed to deposit money banks (DMBs), non-bank financial institutions (NBFIs), and other financial institutions (OFIs). "Further to earlier regulatory directives on the…

Financial experts have stressed the need for the Securities and Exchange Commission (SEC), and Central Bank of Nigeria (CBN) to work together and chart a clear, articulated and progressive course on cryptocurrencies in Nigeria and avoid regulatory overlap.

Chimezie Chuta is a Tech innovation professional, an Author, a Drupal Web Application Developer, and a Blockchain & Cryptocurrency Educator. He is the founder Blockchain Nigeria User Group, and, StartupBits.fund, among several other entrepreneurial initiatives in the Blockchain Tech industry. In this interview with SODIQ OMOLAOYE, he argued that Cryptocurrencies powered by the Blockchain Technology…

Financial and technology analysts have said that a single world currency was imminent given the growing technology disruption in the financial services industry typified by the popularity...