Tag: bitcoin in Nigeria
Nigeria: The future of Web3, crypto ahead of 2023 elections
Nigeria became the first African country to launch a CBDC
In 2021, Nigeria was ranked the third country globally with the highest bitcoin...
Nigeria shifts to accept cryptocurrency as a source of revenue
On February 5 2021, the Central Bank of Nigeria released a ruling that ordered all financial institutions to stop facilitating crypto transactions with...
Crypto making millionaires in Nigeria despite government hostility
Aside from the astronomic rate of crypto circulating within Nigeria, some diverted into other blockchain ventures. Nigeria's NFT marketplace has significantly risen over...
South Africa sets the tone for proper crypto regulation in Africa
According to a working group study, daily crypto asset trading prices in South Africa "exceeded $145 million for the first time" in January 2021. The new restrictions are intended to increase transparency and reduce cryptocurrency usage for illegal purposes.
Nigeria weaponizes the eNaira against crypto adoption
The eNaira upgrade will allow customers to do transactions such as paying for DSTV, electric bills, and paying for flight tickets
Decentralization takes...