Nigeria | Crypto

The Central Bank of Nigeria has established a working group to assess the potential for an official stablecoin, coming as the country's eNaira digital currency has struggled with low adoption rates and technical issues since its launch. The post Is Nigeria’s eNaira Dead? CBN Forms New Task Force for Official Stablecoin appeared first on Cryptonews.

Nigeria is one of the biggest crypto markets in Africa and among the countries with the highest cryptocurrency adoption globally. Several applications enable locals to sell bitcoin in Nigeria, Ethereum (ETH), USDT, or other digital assets and receive Naira directly into their bank account. In the following lines, we will analyze how users can identify […]

While crypto focuses on US and EU markets, real adoption is happening in Argentina, Nigeria and the Philippines, where digital assets solve survival needs. Opinion by: Maksym Sakharov, group CEO at WeFi The crypto industry has been focused on the same markets: the United States and the European Union. The conversation has mainly concerned regulatory clarity, speculative gains and institutional access, whether Silicon Valley’s venture capital firms or Wall Street’s exchange-traded fund issuers.  Unfortunately, this fixation is blinding much of the industry to a more pressing reality, where the future of crypto adoption isn’t in New York, London or Brussels, but rather in Lagos, Buenos Aires and Manila. Read more

Nigeria’s Securities and Exchange Commission (SEC) has expressed support for stablecoin businesses that operate within the bounds of the country’s digital asset regulations. During the Nigeria Stablecoin Summit held in Lagos, SEC Director-General Emomotimi Agama reportedly said the African country is ready to embrace blockchain-based payment innovations as long as they comply with existing laws. […] The post Nigeria SEC welcomes stablecoin innovation while ensuring compliance appeared first on CryptoSlate.

Nigeria’s SEC Director-General Emomotimi Agama said the country welcomes stablecoin firms, marking a shift toward supportive crypto policy. Nigeria’s Securities and Exchange Commission (SEC) Director-General Emomotimi Agama said the country was open to stablecoin businesses that comply with local regulations. According to a Thursday report by English-language local news outlet, The Cable, Agama said stablecoin companies that complied with local regulations were welcome in Nigeria. “Nigeria is open for stablecoin business, but on terms that protect our markets and empower Nigerians,” he said. “We have onboarded some firms focused on stablecoin applications, all while ensuring compliance with core risk management principles,” Agama said, adding that those companies were admitted through the SEC’s regulatory sandbox. Read more

Tigran Gambaryan, Binance’s head of financial crime compliance, is leaving the exchange after an eight-month legal ordeal in Nigeria. The post Binance Exec Who Was Detained in Nigeria on Money Laundering Allegations Steps Down appeared first on Cryptonews.

Global crypto giant Blockchain.com has announced a bold push into Africa, starting with Nigeria’s first major international crypto office. The post Blockchain.com Launches African Push in Nigeria, Ghana—Is Africa Crypto’s Next Frontier? appeared first on Cryptonews.