Tag: central bank of nigeria

Jul 23 2021

New Convert: Anti-Crypto Central Bank Of Nigeria Set To Launch Digital Naira

The Central Bank of Nigeria (CBN) plans to launch a digital naira pilot program later in October 2021, as part of its central bank digital currency project (CBDC). Central Bank of Nigeria To Launch Digital Naira The Central Bank of Nigeria (CBN) has been in the news for its anti-cryptocurrency actions throughout much of...

Jun 11 2021

Central Bank of Nigeria (CBN) Plans For a CBDC Launch By the End of 2021

On Thursday, June 10, the Central Bank of Nigeria (CBN) announced that it preparing for the launch of the central bank digital currency (CBDC) aka Digital Naira and that should happen before the end of 2021. Rukayat Mohammed, the Director...

Feb 12 2021

Nigeria’s SEC Puts Plans to Regulate Crypto on Hold in Light of Central Bank Ban

Nigeria’s Securities and Exchange Commission (SEC) announced Thursday it has put plans to regulate cryptocurrencies on hold.

Feb 11 2021

Nigeria’s Senate Summons Central Bank Chief to Explain Crypto Ban

The Nigerian Senate wants Central Bank Governor Godwin Emefiele and chief securities regulator Lamido Yuguda to testify about cryptocurrencies.

Feb 09 2021

Bitcoin ‘Can’t Be Stopped’: Nigerians Look to P2P Exchanges After Crypto Ban

Some Nigerians plan to continue using bitcoin (BTC) and other cryptocurrencies despite a directive issued by the Central Bank of Nigeria (CBN) last week ordering banks to close down accounts associated with cryptocurrencies.

State of Crypto: India and Nigeria’s Crypto Crackdowns Continue Old Trends

Both nations hope to prevent banks from providing services to crypto companies.

Digital Right Lawyer Demands Revoking of CBN’s Crypto Banking Ban

Feb 09 2021 Published at Coingape under tags  banking ban bitcoin bitcoin news btcbrl btcbusd

The Digital Rights Lawyers Initiative (DRLI) has filed a case against the Central Bank of Nigeria (CBN) and SEC for imposing a...

Feb 07 2021

Nigerian Central Bank Says Its Ban on Crypto Accounts Is Nothing New

The Central Bank of Nigeria said its warning to banks on Friday was not a new position, but a reiteration of its 2017 stance on cryptocurrencies.

Feb 05 2021

Binance Suspends Deposits in Nigeria Following Central Bank Directive

Nigeria's central bank told financial institutions they couldn't provide crypto companies or users with services on Friday.

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