Category: Foreign exchange

African Economist Says Regulated Cryptocurrencies Are Reasonable Alternative To Single Trade Currency

A Nigeria-based research and development economist, Gospel Obele, has called “for a unified regulatory mechanism for cryptocurrency trading.” He adds that such regulation of cryptocurrencies can potentially “complement an African…

People’s Bank Of China Targets Crypto Companies In Shenzhen Crackdown

The Shenzhen office of the People’s Bank of China (PBOC) has reportedly set out to correct the business activities of about a dozen companies allegedly engaged in cryptocurrency transactions. According…

Nigerians Shun Local Currency— Seek To Protect Wealth From Inflation And Currency Depreciation With Foreign Currency

Nigerians are thought to be accumulating foreign currencies which they believe will protect their wealth from the naira’s volatility as well as the surging inflation. Further, as a research paper…