Gambaryan’s next hearing is set for Sept. 4, where the judge will consider the executive’s latest motion for bail.
Naira News
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Nigeria may seek a $10 billion fine from Binance as retribution as the country believes they “really messed up” the local economy.
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Senior Binance execs Tigran Gambaryan and Nadeem Anjarwalla have been detained at a government property since Feb. 26.
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The pioneering African CBDC has few users, but creating credit histories for them will promote financial inclusion.
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Binance will suspend all services involving the Nigerian naira later this week after facing issues with local financial regulators.
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The world’s second-ever CBDC has yet to reach 1% of Nigeria’s population, according to the IMF assessment.
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The Supreme Court of Nigeria says no to redesigning the naira, ruling that the old banknotes will remain in circulation.
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The limits set by the Central Bank of Nigeria are part of a broader push to encourage digital financial transactions.
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Nigeria’s central bank has upgraded its eNaira to steer the country away from crypto even after a UN report stated that restrictions on digital currencies are stifling the nation’s fintech sector.
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The CBN says the proposed central bank digital currency will offer parity of value and will operate as a non-interest-bearing CBDC.
6171 Can accepting and promoting the use of Bitcoin as the only means of payment make a difference in Nigeria’s e-commerce industry?
15592Nigeria’s Apex Bank Chief says: “No magic can save The Naira”; citizens run to Bitcoin for economic security.
961Nigerian naira looks to be set to lose more value in the international currency market. Will citizens turn to superior currencies as a safe haven for their wealth?
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