News
After a successful run in Nigeria, Quidax announced global expansion plans and the launch of its native token, QDX.
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Nigeria News
Nigeria is seventh most populous country, and most populous in Africa. Nigeria also has the largest economy in Africa, with more than $500 billion of nominal gross domestic product. The Word Bank considers Nigeria to be an emerging market and is widely seen as a perspective economy. Still, it ranks 152nd in the Human Development Index and has a large variety of problems regarding the lack of education, organized crime and human rights. Bitcoin is legal in Nigeria, but the Nigerian SEC, or Securities and Exchange Commission, warned citizens about cryptocurrency investments being risky and sometimes even fraudulent. However, the Nigeria Deposit Insurance Corporation and the Central Bank of Nigeria have plans to adopt cryptocurrency technology and have several sub-committees working on implementing blockchain into governmental insurance and financial services.
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George Residence in Lagos has announced plans to start accepting BTC payments. The company has already converted 50% of its balance sheet to Bitcoin.
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The Securities and Exchange Commission of Nigeria says it is working with the central bank to create a legal framework for cryptos and digital assets.
10543 - Event Recap
Blockchain Africa highlights the remaining hurdles that stand in the way of widespread adoption of crypto and blockchain on the continent.
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The governor of the Central Bank of Nigeria has seemingly softened his stance on crypto for individuals, if not banks.
17620 - Expert Take
The COVID-19 pandemic has highlighted the necessity for the digitalization and sustainable development of African economies.
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Yemi Osinbajo sees potential for crypto and blockchain.
42773 - Market Analysis
Traders are accustomed to slight price differences between exchanges, but is a 70% gap sustainable?
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Nigeria’s central bank is doubling down on its anti-cryptocurrency stance.
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Nigeria’s Securities and Exchange Commission says it is committed to creating a clear-cut regulatory framework for cryptos in the country.
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Statista has found that one-in-three Nigerians held or used crypto assets during 2020.
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In the wake of the recent ban on Nigerian banks' servicing of crypto exchanges, Bitcoin's price in the country has seemingly spun out of control.
29886 - Follow up
Crypto and blockchain stakeholders in Nigeria have criticized the central bank’s decision to ban banks from servicing crypto firms.
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Nigeria’s securities regulator has backed the central bank’s crypto ban by suspending its planned regulatory framework for digital assets.
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A cross-section of Nigerian senators have reacted to the recent Bitcoin ban enacted by the country’s central bank.
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