Nigerians on Social media platform twitter have expressed shock and displeasure over the insinuations of the CBN Governor Godwin Emefiele that the Cryptocurrency businesses, Money and ideas Originated From Thin Air. Watch Video : Many also called him out for not having a proper and clear cut definition of what the term cryptocurrency means.
India has become the second country to outrightly ban Bitcoin and other cryptocurrencies. This is coming after the Central Bank of Nigeria instructed all financial institutions in the country to block the accounts of all individuals and entities linked to cryptocurrency transactions. There has been a lot of drama surrounding India’s cryptocurrency stance. In 2018, the Reserve […]
A woman has been charged in federal court with trying to hire someone over the internet using Bitcoin so that she can kill a man. Kelly R. Harper, 37, was arrested Friday night last week just before the murder could happen after federal and local investigators were tipped off by the intended victim and journalists […]
Central Bank of Nigeria (CBN) circular sent to commercial banks and other financial institutions surfaced online yesterday. Below is a concise explanation as to what the circular meant and why the CBN issued it. Cryptocurrencies over the years have gained popularity. The birth of bitcoin, the most valuable crypto, rose significantly four years ago. The […]
The Central Bank of Nigeria has shut Down Cryptocurrency Exchange Bank Accounts. The memo dated “February 5, 2021 Reads – LETTER TO ALL DEPOSIT MONEY BANKS, NON-BANK FINANCIAL INSTITUTIONS AND OTHER FINANCIAL INSTITUTIONS The Central of Bank of Nigeria’s (CBN) circular of January 12, 2017 ref FPR/DIR/GEN/C1R,06/010 which cautioned Deposit Money Banks (DMBs), Non-Bank Financial […]