Nigeria Central Bank Issues Guidelines for Banks Opening Cryptocurrency Accounts
The central bank highlights global trends emphasising the need for oversight in virtual asset services, including cryptocurrencies and cryptoassets.
AlexThe central bank highlights global trends emphasising the need for oversight in virtual asset services, including cryptocurrencies and cryptoassets.
AlexNigeria's Central Bank has lifted the ban on crypto firms' bank accounts, anticipating a surge in adoption. Yellow Card plans to seek licensing, expecting increased user trust. The move aligns with global trends favoring industry supervision over bans, reflecting a positive shift in Nigeria's approach.
BerniceNigeria's Central Bank lifts the ban on bank-facilitated crypto transactions, signaling a significant policy shift and renewed market potential.
KikyoThe Central Bank of Nigeria denies eNaira poses a financial stability threat, citing its gradual adoption and theoretical concerns.
BitcoinworldVolumes surged from just over $1 million at the start of May to $18 million on Tuesday, data from Minswap shows.
CoindeskThe partnership will allow Nigerians to purchase crypto tokens directly from their MetaMask wallets.
TheBlockSignet, the payment network widely used by Web3 businesses, still remains under the FDIC control.
BeincryptoSignature Bank has found a buyer after a week long financial odyssey, the New York Community Bancorp, Inc.
CryptoSlateA stablecoin is a cryptocurrency that has its prices pegged to that of different assets, often to fiat currencies.
OthersNigerian Central Bank governor Godwin Emefiele told attendees at the eNaira Hackathon that technical upgrades will add to the attractiveness and accessibility of the CBDC.
Cointelegraph