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Nigerian Regulator Issues ‘Extreme Caution’ Crypto Investments Warning

Nigerian Regulator Issues ‘Extreme Caution’ Crypto Investments WarningNigeria’s Economic and Financial Crimes Commission (EFCC) has become the latest body to warn of risks associated with cryptocurrency investments. In a public warning, the law enforcement agency argues that investing in cryptos “is a high-risk activity as the terrain is largely unregulated and prone to fraud.” Proliferation of Scams According to a report that […]

Crypto Wealth Bolsters Real Estate Markets and Consumer Spending, Study Finds

Sale of MTI Bitcoins in South Africa Briefly Wipes out Premium Buyers

Sale of MTI Bitcoins in South Africa Briefly Wipes out Premium BuyersThe premium or arbitrage gap on bitcoin in South Africa recently turned negative following the offloading of coins worth over $75 million by liquidators of MTI. As a result of the temporary supply glut, buying bitcoins on local South African exchanges briefly became cheaper than buying on overseas exchanges. The Impact of the MTI Liquidators’ […]

Crypto Wealth Bolsters Real Estate Markets and Consumer Spending, Study Finds

P2P Bitcoin Traders in Nigeria Think Outside the Box in the Wake of CBN Restrictions

P2P Bitcoin Traders in Nigeria Think Outside the Box in the Wake of CBN RestrictionsAfter the Central Bank of Nigeria issued a directive targeting the country’s cryptocurrency industry, bitcoin and altcoin trade volumes on centralized exchanges immediately plunged. Nevertheless, the new regulations seem to have succeeded in boosting crypto trade volumes on informal markets or on peer-to-peer trading platforms. Nigerian Crypto Traders Get Creative Still, the increasing trades on […]

Crypto Wealth Bolsters Real Estate Markets and Consumer Spending, Study Finds

Nigerian Blockchain Educator Says Uncertain Regulations and Scams Slow Adoption of Cryptocurrencies

Nigerian Blockchain Educator Says Uncertain Regulations and Scams Slow Adoption of CryptocurrenciesWith a population of over 200 million, Nigeria is widely regarded as one the biggest crypto markets in the world. Some in the crypto world believe Nigeria is one of the few countries better placed to see a greater acceptance of digital currencies. However, despite this optimism, the Nigerian crypto industry continues to be plagued […]

Crypto Wealth Bolsters Real Estate Markets and Consumer Spending, Study Finds

Central Bank of Nigeria Official Reiterates Nigerian Residents Free to Trade Cryptos: Directive Only Applies to Banking Sector

Central Bank of Nigeria Official Reiterates Nigerian Residents Free to Trade Cryptos: Directive Only Applies to Banking SectorA senior executive with Nigeria’s central bank, Adamu Lamtek, has reportedly denied that his institution had placed restrictions on the use of cryptocurrencies. Instead, Lamtek, who is the deputy governor responsible for corporates services at the Central Bank of Nigeria (CBN), says his organisation’s directive only applies to the banking sector. Prohibition Only Applies to […]

Crypto Wealth Bolsters Real Estate Markets and Consumer Spending, Study Finds