Tag: nigeria

Jul 13 2021

Bitcoin, Ethereum peer-to-peer volumes in Nigeria continue surging

Jul 13 2021 Published at CryptoSlate under tags  adoption africa bitcoin btc nigeria

Despite the crypto ban in Nigeria, the country has recorded massive growth in its peer-to-peer bitcoin trade volumes in recent times. Available data has revealed that in the month of June, citizens of the...

Jun 22 2021

Digital Shekel: Israel’s CBDC Project Is Well Underway

Israel is the latest country to admit it’s been working in a Central Bank Digital Currency for a few years now. While giving a conference in the Fair Value Forum, Bank of Israel Deputy Governor Andrew Abir said that the institution he represents already ran a pilot program for the digital shekel. More than that, he confirmed that the Israeli CBDC already exists....

Jun 15 2021

African countries leads the pack in Bitcoin ‘peer-to-peer’ trading, data shows

Jun 15 2021 Published at CryptoSlate under tags  adoption africa bitcoin nigeria payments

Available data has shown that African countries are leading the pack when it comes to Bitcoin peer-to-peer (P2p) trading in recent times. According to UsefulTulips, the continent...

Jun 12 2021

An Open Letter To The Nigerian Government: Pursue A Bitcoin Standard

NFL star and Nigerian descendant Russell Okung asks the Nigerian government to adopt a Bitcoin standard or risk falling behind.Greetings President Muhammadu Buhari, The hope of Nigeria lies within this generation. I am proudly a Nigerian descendant living in America and am a proponent of Bitcoin. I write to urge the Nigerian government to pursue economic independence and financial sovereignty by pursuing...

Jun 05 2021

Twitter Faces Government Backlash Across Globe Over it’s Censorship Policies, What’s next?

Jun 05 2021 Published at Coingape under tags  bitcoin india jack dorsey news nigeria

Twitter, the popular social media platform is at the center of a big censorship controversy after facing heavy backlash from governments across the globe. The Nigerian government has outright banned Twitter's use after the platform...

May 25 2021

Nigerian Police Arrest Brisk Capital CEO for Allegedly Running a $4 Million Investment Fraud

The Commissioner of the Special Fraud Unit of the Nigerian Police Force said that Dominic Joshua confessed to the crime.

May 12 2021

Check Your Financial Privilege

May 12 2021 Published at Bitcoin Magazine under tags  africa culture ethiopia nigeria sudan

While those comfortable in the dollar bubble deride Bitcoin, the stories of three emerging market users demonstrate why it is so important.In the eyes of most Western elites, investors, journalists and academics, Bitcoin rates anywhere from an annoyance to a disaster.Just a few days ago, American billionaire Charlie Munger described Bitcoin as “...

Apr 29 2021

Peer-To-Peer Bitcoin Trading Rising Across Africa

Apr 29 2021 Published at Bitcoin Magazine under tags  africa culture kenya nigeria p2p

The conditions for growth are ripe as the continent embraces the freedom of Bitcoin.Bitcoin was developed with the intent of putting financial control back in the hands of the people. In the years since its inception, Bitcoin adoption has grown worldwide. Recently, there has been a sharp increase in peer-to-peer bitcoin trading across Africa.According to data from...

Apr 23 2021

Bitcoin Peer-To-Peer Trading In Nigeria Rises 27% Since Central Bank’s Ban

Nigerians have resorted to peer-to-peer trading after the Central Bank of Nigeria banned regulated institutions from dealing with bitcoin in February.Months after the Central Bank of Nigeria (CBN) released a letter banning regulated institutions from dealing with bitcoin in February, there has been a 27% increase in peer-to-peer (P2P)...

Mar 22 2021

Nigeria Didn’t Ban Crypto: Official Clarifies on Earlier Order

Banks and other financial institutions are barred from serving crypto companies.

Mar 04 2021

Why Bitcoin Has Been So Successful In Nigeria

Mar 04 2021 Published at Bitcoin Magazine under tags  adoption culture nigeria

Bitcoin has offered many Nigerians a solution to fundamental economic challenges. The ban from the country’s central bank won’t change that.Back in 2017, the idea of Bitcoin in Nigeria was an interesting one that generally got the attention of two main categories of people: the early adopters with an interest in emerging technologies and the “hustlers” that are always on the lookout...

Crypto Scams are Going Rampant in Nigeria

Scammers are targeting people on Instagram, promising high returns on crypto investments.

Feb 25 2021

Nigerians Need Bitcoin, So Where Will The Restrictions Lead?

Feb 25 2021 Published at Bitcoin Magazine under tags  nigeria regulation

The massive rally in bitcoin prices has created a lot of buzz around cryptocurrencies lately, but Nigeria is one of the countries where bitcoin has been widely accepted for some time. The West African country has the highest bitcoin trading volume in Africa and recently ranked second globally of any country after the United States. According to...

Nigerians Need Bitcoin, So Where Will The Restrictions Lead?

Feb 25 2021 Published at Bitcoin Magazine under tags  business nigeria

Although their central bank is attempting to outlaw use of cryptocurrencies, it’s clear that Nigerians have real need for access to bitcoin.What Are Bitcoin Forks?The massive rally in bitcoin...

Feb 22 2021

Interview: Bitcoin In Nigeria With Ahyke Otutubuike

This episode of "Bitcoin In Asia" hosted Nigerian writer Ahyke Otutubuike to discuss the state of cryptocurrency in his home country....

Nigeria – The People Fight Back Against Central Bank Cryptocurrency Limitations

Feb 22 2021 Published at Bitcoinist.com under tags  cryptocurrency industry nigeria

Nigeria's central bank recently made headlines enforcing cryptocurrency restrictions on how the country’s banking sector works. Specifically, CBN reminded regulated financial institutions yesterday that a 2017 regulation prohibits them from facilitating cryptocurrency transactions or facilitating payments for exchanges. In a press release meant...

Feb 17 2021

Bitcoin Will Persist In Nigeria, But The Ban Changes Things

Feb 17 2021 Published at Bitcoin Magazine under tags  nigeria regulation

You have probably heard the news about the Central Bank of Nigeria (CBN) imposing a ban on financial services for cryptocurrency exchange operators, as well as the incongruent excuses for its action. You may have also heard of several...

Bitcoin Will Persist In Nigeria, But The Ban Changes Things

Feb 17 2021 Published at Bitcoin Magazine under tags  business nigeria

Cryptocurrency trades were central to Nigeria before an exchange ban reminder was recently issued. So, how will things change now?Bitcoin Optech was founded in 2018 to bridge the...

Feb 15 2021

How Nigerians Are Reacting To The Cryptocurrency Ban

Feb 15 2021 Published at Bitcoin Magazine under tags  nigeria regulation

The Central Bank of Nigeria (CBN) has said that its decision to ban cryptocurrency was necessary to prevent crimes and mitigate risksSeveral Nigerians have condemned the move and believe the ban has some political undertone beyond those stated reasoningsThe Senate of Nigeria has summoned the CBN governor to explain the decision to ban cryptocurrency. In a move that sparked outrage on...

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