Nigerian Agency Gets Nod to Freeze $330,000 in Crypto Users’ Bank Accounts

September 12, 2024 Bitcoin.com

Nigerian Agency Gets Nod to Freeze 0,000 in Crypto Users’ Bank Accounts

A Nigerian anti-corruption agency froze bank accounts (over $330,000) belonging to suspected cryptocurrency users on global platforms like Kucoin and Bybit. The agency believes these users manipulated the Nigerian currency (naira) through their trading activity. The exchanges are also accused of failing to adhere to anti-money laundering and terrorist financing regulations. Bank Account Holders Accused […]

Democratic SEC Commissioner Jaime Lizárraga Announces Plan To Step Down, Following Gary Gensler’s Footsteps

Nigeria Resumes Dollar Sales to Money Changers Amid Naira’s Decline

September 10, 2024 Bitcoin.com

Africa

The Central Bank of Nigeria resumed selling US dollars to money changers to address the falling value of the naira. This decision came after the naira-to-dollar exchange rate dropped to a low of NGN1,639 per dollar, likely due to increased demand for US dollars for travel and business. The central bank has outlined rules for […]

Democratic SEC Commissioner Jaime Lizárraga Announces Plan To Step Down, Following Gary Gensler’s Footsteps

Mansa Partners With Nigerian Blockchain Platform Bitmama to Boost Cross-Border Payments

September 9, 2024 Bitcoin.com

Africa

The Nigerian blockchain payment platform Bitmama has partnered with the decentralized finance platform Mansa to improve cross-border payment accessibility in Africa. This partnership aims to enhance consumer payment capabilities and support trade across borders. Mansa’s liquidity solution has reportedly already helped foster financial inclusion in other regions. Bridging the Funding Gap The Nigerian blockchain payment […]

Democratic SEC Commissioner Jaime Lizárraga Announces Plan To Step Down, Following Gary Gensler’s Footsteps

Nigerian Central Bank Affiliate Partners With Blockchain Startup Zone to Boost Payments

August 23, 2024 Bitcoin.com

Africa

The Nigeria Inter-Bank Settlement System (NIBSS) has partnered with Zone, a decentralized payment infrastructure company, to improve its payment services. NIBSS will use Zone’s blockchain technology to streamline its Payment Terminal Service Aggregation (PTSA) operations. Both NIBSS and Zone believe that blockchain technology can revolutionize the financial sector and enhance regulatory oversight. NIBSS Enhances Payment […]

Democratic SEC Commissioner Jaime Lizárraga Announces Plan To Step Down, Following Gary Gensler’s Footsteps

Binance Launches Mobile Money Feature for Crypto Transactions in Africa

August 23, 2024 Bitcoin.com

Africa

Crypto exchange Binance has launched its One Click Buy and Sell (OCBS) service in Africa, enabling users in Ghana, Tanzania, Uganda, and Zambia to buy and sell cryptocurrencies via mobile money accounts. This initiative aims to enhance financial inclusion, particularly for the unbanked and underbanked populations. Binance Expands Services in Africa, Boosting Crypto Accessibility Cryptocurrency […]

Democratic SEC Commissioner Jaime Lizárraga Announces Plan To Step Down, Following Gary Gensler’s Footsteps

Experts Question Ghana VP’s Gold-Backed Currency Pledge

August 22, 2024 Bitcoin.com

Africa

A Ghanaian banking consultant, Richmond Atuahene, has expressed concerns about Vice President Mahamudu Bawumia’s pledge to back the cedi with gold. Atuahene believes Ghana needs a stable economic environment before implementing this policy. John Gatsi, a dean at the University of Cape Coast School of Business, warns that backing the cedi with gold alone will […]

Democratic SEC Commissioner Jaime Lizárraga Announces Plan To Step Down, Following Gary Gensler’s Footsteps

Bank of Ghana Unveils Proposed Virtual Asset Regulations

August 20, 2024 Bitcoin.com

Africa

The Bank of Ghana has released draft regulations aimed at creating a framework for the cryptocurrency industry. The rules are designed to protect consumers, prevent financial crimes, and encourage financial inclusion. Virtual asset service providers (VASPs) will be required to register and meet strict standards, while commercial banks are prohibited from dealing directly with virtual […]

Democratic SEC Commissioner Jaime Lizárraga Announces Plan To Step Down, Following Gary Gensler’s Footsteps

Nigeria Aims to Include Cryptocurrencies in Tax System Overhaul

August 20, 2024 Bitcoin.com

Africa

The Nigerian government is looking to impose taxes on the cryptocurrency industry. The Federal Inland Revenue Service (FIRS) plans to introduce a new tax law to achieve this. Despite being a major crypto market, Nigeria currently receives minimal tax income from crypto-related activities. The FIRS is seeking support from the Nigerian National Assembly to implement […]

Democratic SEC Commissioner Jaime Lizárraga Announces Plan To Step Down, Following Gary Gensler’s Footsteps

Nigeria Seizes $37.5M in Digital Assets After Court Grants Freezing Order

August 16, 2024 Bitcoin.com

Nigeria Seizes .5M in Digital Assets After Court Grants Freezing Order

Africa

The Nigerian government has seized approximately $37.5 million in digital assets from the organizers of the Endbadgovernance protests. The funds were frozen by a court order based on a claim by the Economic and Financial Crimes Commission, which alleged that the money was linked to money laundering and terrorism financing. Nigerians Feel Economic Pain The […]

Democratic SEC Commissioner Jaime Lizárraga Announces Plan To Step Down, Following Gary Gensler’s Footsteps

African Union greenlights AI adoption across member states

August 11, 2024 Coin Telegraph

Africa

The strategy aims to fast-track AI development and adoption in Africa, driving innovation and growth in the continent.

The Executive Council of the African Union (AU) has approved the “Continental Artificial Intelligence Strategy,” which promotes AI adoption in the public and private sectors among member states.

This strategy was announced in a document published on the AU website on Aug. 9.

The AU’s AI strategy was formally adopted during the AU Executive Council’s 45th Ordinary Session between July 18 and 19 in Accra, Ghana. It aims to harness AI for the continent’s development and the well-being of its people.

Africa

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