Nigerian payments app KurePay plans to suspend operations in the country after the government began cracking down on crypto exchanges, according to a report by local crypto publication Cryptoassetbuyer.The report said that KurePay is leaving Nigeria “largely due to the increasing hostile regulatory environment” for cryptocurrency service providers.KurePay’s decision to suspend … [Read more...] about Nigerian Payments App Reportedly Suspending Operations Due to Government Crackdown on Crypto
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Nigerian president to unveil eNaira central bank digital currency
Nigerian President Muhammadu Buhari is set to officially introduce the country’s central bank digital currency (CBDC), the eNaira.The Central Bank of Nigeria (CBN) has published a document in which it reaffirmed its intention to introduce the eNaira after previously attempting but failing to do so on Oct. 1. According to the design paper for the eNaira, the CBN now considers … [Read more...] about Nigerian president to unveil eNaira central bank digital currency
Nigerian Twitter Suspension Has Unintended Effects on Country’s Crypto Community
On the surface, it looks like Nigeria’s suspension of Twitter operations on June 4 may have been triggered by the microblogging company’s decision to take down a controversial tweet — from President Mohammed Buhari. However, as some observers have noted, the removal of the tweet may have presented the Nigerian government with the perfect excuse for targeting Twitter CEO, Jack … [Read more...] about Nigerian Twitter Suspension Has Unintended Effects on Country’s Crypto Community
Nigerian central bank does a U-turn on Bitcoin ban, saying they now “allow” it
According to local news reports, the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, says he will “allow” the trading of Bitcoin and other cryptocurrencies.In February this year, CBN Director Bello Hassan signed a letter warning monetary service providers of severe regulatory sanctions if they dealt with cryptocurrency exchanges.Aside from hitting a $2.5 trillion total … [Read more...] about Nigerian central bank does a U-turn on Bitcoin ban, saying they now “allow” it