Nigeria’s Securities and Exchange Commission (SEC) announced Thursday it has put plans to regulate cryptocurrencies on hold.
The Nigerian Senate wants Central Bank Governor Godwin Emefiele and chief securities regulator Lamido Yuguda to testify about cryptocurrencies.
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.
Both nations hope to prevent banks from providing services to crypto companies.
The Digital Rights Lawyers Initiative (DRLI) has filed a case against the Central Bank of Nigeria (CBN) and SEC for imposing a...
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.
Nigeria's central bank told financial institutions they couldn't provide crypto companies or users with services on Friday.
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