Tag: Central Bank of Nigeria
Global Manhunt: Binance Executive Faces Extradition from Kenya
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The saga involving Nadeem Arjarwalla, a high-ranking Binance executive, has taken a...
Binance Ends Services for Nigerian Naira
Binance announces the discontinuation of all services tied to the Nigerian Naira (NGN) as it navigates the evolving regulatory landscape.
Binance, the world's leading...
Binance CEO Richard Teng asked to appear before Nigerian committee
Binance is in hot water in Nigeria in the aftermath of its settlement with the U.S. Department of Justice (DOJ). Nigeria’s House of Representatives...
Nigerian Presidential Adviser, Bayo Onanuga, Calls For Measures Against Binance Crypto Exchange
Bayo Onanuga, a special adviser to the Nigerian president, has called for measures against Binance, blaming it for exacerbating the local currency’s depreciation against...
Nigeria Seeks $10 Billion in Damages from Binance
Nigerian government demands $10 billion from Binance, alleging cryptocurrency exchange's activities have adversely affected the Naira and the country's economy.
The Nigerian government is...
Can real-time payments help change the world?
Since completing his acquisition of Twitter, now X, in October 2022, Elon Musk has been vocal about his desire to transform the platform into...
Advancing Cryptocurrency Regulation in Nigeria: A Critical Necessity
Adedeji Owonibi advocates for Nigerian cryptocurrency regulation to combat financial crimes and ensure the industry's security and scalability, addressing the complexities of tracking illicit...
Nigerian Currency Depreciation: Central Bank Of Nigeria (CBN) Head Reaffirms Commitment to Reviving Confidence in the Economy
Olayemi Cardoso, the Central Bank of Nigeria (CBN) governor reaffirms commitment to reviving confidence in the economy amidst Nigerian currency depreciation.
The...
Kraken Obtains Dutch License, Expands Crypto Services In Europe
Cryptocurrency exchange Kraken has recently obtained a Dutch license to operate its crypto services in the Netherlands and across Europe.
Obtaining the...
Regulatory and Legislative Analysis – January 2024
Regulatory and Legislative Analysis – January 2024February 3, 2024Demetrios TseasRegulatory and Legislative Analysis – GLOBALInterpol releases analysis of the Metaverse’s key challenges threats and...
Weekly Update #34
Weekly Update #34January 8, 2024CipherTraceMARK COLLINS & DEMETRIOS TSEASRegulatory:Four individuals charged for laundering millions from cryptocurrencyA cryptocurrency (or crypto currency) is a digital asset...
Nigeria’s Central Bank Approves cNGN Stablecoin Launch
The Central Bank of Nigeria has granted the Africa Stablecoin Consortium (ASC) approval to introduce Compliant Nigerian naira stableCoin (cNGN) within its regulatory sandbox....
Central Bank of Nigeria approves cNGN stablecoin to pilot in February amid CBDC woes
The Central Bank of Nigeria (CBN) has approved the Africa Stablecoin Consortium to pilot the cNGN stablecoin within its Regulatory Sandbox.This initiative marks a...
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