KuCoin Latest To Pull Naira P2P in Nigerian War on Exchanges

KuCoin Latest To Pull Naira P2P in Nigerian War on Exchanges

KuCoin has joined Binance and OKX to pull p2p support in Nigeria. The KuCoin decision comes as authorities have embarked on a crypto exchange crackdown. The country’s central bank has also moved... Read more »
IMF Urges Nigerian Government to Regulate and License Foreign Crypto Exchanges – Times Tabloid

IMF Urges Nigerian Government to Regulate and License Foreign Crypto Exchanges – Times Tabloid

In a new development that has grabbed considerable attention, the International Monetary Fund (IMF), a United Nations financial agency, has urged the Nigerian government to regulate and issue licenses to foreign crypto... Read more »
Crypto exchanges to have important meeting with Nigerian SEC Chief over regulation

Crypto exchanges to have important meeting with Nigerian SEC Chief over regulation

The Blockchain Industry Coordinating Committee of Nigeria (BICCON) is putting together a roundtable with International and local crypto exchanges and the new director general of the Nigerian Securities and Exchange Commission (SEC)... Read more »
Nigerian Govt Denies Ordering Freeze on Crypto Accounts

Nigerian Govt Denies Ordering Freeze on Crypto Accounts

The Central Bank of Nigeria (CBN) has denied reports that it directed commercial banks to identify and freeze accounts linked to cryptocurrency transactions.  According to a report, multiple news outlets had claimed... Read more »
How “Fake” Nigerian Apex Bank Circular Stoked Crypto Ban Fears

How “Fake” Nigerian Apex Bank Circular Stoked Crypto Ban Fears

A “fake” circular attributed to the Nigerian central bank had sparked panic amongst crypto faithful in the country. The CBN only helped to stir further confusion with its response. The circular eerily... Read more »
Nigerian crypto fee hike invitation for crypto ‘big boys’ — NoOnes CEO

Nigerian crypto fee hike invitation for crypto ‘big boys’ — NoOnes CEO

Venture capitalists still see potential in Nigeria despite the suggested increased crypto registration fees. However, the services they can provide may struggle to gain momentum due to government restrictions on peer-to-peer (P2P)... Read more »
Nigerian SEC seeks to raise crypto exchange registration fee

Nigerian SEC seeks to raise crypto exchange registration fee

Nigeria’s Securities and Exchange Commission (SEC) has proposed an amendment to the rules guiding platforms offering crypto services, suggesting a hike in the registration fee for crypto exchanges from 30 million naira... Read more »
Binance CEO Richard Teng asked to appear before Nigerian committee

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 Committee on Financial Crimes issued an ultimatum to... Read more »
Nigerian analysts refute claims of crypto role in Bureau De Change shutdown

Nigerian analysts refute claims of crypto role in Bureau De Change shutdown

The Nigerian cryptocurrency peer-to-peer (P2P) market is not accountable for the shutdown of the Bureau De Change (BDC) in the country’s capital, Abuja, according to Nigerian Web3 legal representative and analyst Kue... Read more »
Nigerian SEC Cranks Up the Heat on Local Crypto Exchanges

Nigerian SEC Cranks Up the Heat on Local Crypto Exchanges

The Nigerian crypto market has been facing potential upheaval due to stringent SEC licensing. High minimum capital requirements have threatened the existence of local crypto platforms. Cryptocurrency awareness in Nigeria has stood... Read more »