All by tag: Nigeria

The ban is aimed at slowing down speculative activity with digital assets in the country

This is because the country is facing one of the worst cost of living crises in recent years

The expert noted that banks should use the services of compliance specialists in the field of digital assets

The cNGN asset will be recognized as legal tender

Earlier, the local regulator also issued a ruling that the firm’s activities in the country are illegal

The local regulator is also considering applications for digital exchanges

Individuals and businesses can now cash out $45 a day and $225 a week from ATMs

The countries with the greatest interest in cryptocurrency are El Salvador, the Netherlands, and Nigeria

The analysts have listed the main threats to cybersecurity and risks in conducting cross-border payments

38% of accounts were restricted at the request of international law enforcement agencies

The state plans to expand research into digital currencies and strengthen the capacity of the central bank staff

However, local authorities are already taking active steps towards managing them