Tag: CBN

Nigerian Senate Pushes for Comprehensive Crypto Regulation to Stabilize Naira

The Nigerian Senate Committee underscores the urgent need for a clear regulatory framework for cryptocurrency to safeguard investors and stabilize the market. President Tinubu's administration advocates for developing the capital and crypto markets to safeguard the local currency. Crypto Regulation is considered necessary to protect investors from the hazards associated with unregulated digital asset...

Crypto Crackdown in Nigeria: Balancing Economic Stability and Innovation

Nigeria has blocked access to prominent crypto-based entities like Coinbase, Binance, and Kraken to boost its failing fiat currency. As per officials, the...

Nigeria’s Crypto Laws: CBN Revisits Laws to Fuel Transparency and Security in 2024

In December 2023, the Central Bank of Nigeria removed the two-year restrictions on crypto transactions.  According to the rules, crypto providers can open...

Why Nigerians should be wary of Central Bank Digital Currencies

Nigerians need to be wary about the eNaira primarily because the bad and ugly sides outweigh the excellent side of this currency Unlike...