Bitcoin Activity In Nigeria Just Keeps Getting Bigger
Moses Awa is a business owner in Nigeria. As a textile importer, Awa said that his government banning access to foreign exchanges caused him to panic. He had worked very…
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Economist Steve Hanke Warns Salvadoran Bitcoin Adoption Could ‘Completely Collapse The Economy’
The professor of applied economics at Johns Hopkins University, Steve Hanke, has recently been criticizing bitcoin adoption taking place in El Salvador. Hanke doesn’t think it’s a good idea for…
Nigerian Central Bank Threatens Jail Time For Citizens Caught Defacing Naira Banknotes
Fighting to stop the value of the naira from dropping further, the Central Bank of Nigeria (CBN) faces yet another problem: abuse of naira banknotes. According to the CBN’s Aladeen…
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Central Bank Of Nigeria Governor Says “Digital Currency Will Come To Life” But Attacks Volatile Cryptocurrencies
Central Bank of Nigeria (CBN) governor, Godwin Emefiele, says digital currency “will come to life even in Nigeria” just a few months after the central bank ordered banks to stop…
China Financial Institutions Bars Crypto As Payment Tools
Three major regulatory bodies in China have prohibited banks and financial firms to provide cryptocurrencies transaction services. The news, published by Reuters Wednesday, highlighted that the affected outfits must not…
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Official Remittances To Nigeria Plummet By Almost 40% In A Year When Crypto Use Surged
According to the latest data from the World Bank, international money transfers into Nigeria dropped by nearly 40% from $23.8 billion recorded in 2019 to $17.2 billion in the past…
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Mastercard Payment Index: More Consumers In Three African Countries Plan To Use Crypto Based Payment Methods
According to a recent Mastercard payment index report, the Covid-19 related lockdowns helped spread the use of cryptocurrency in three African countries, namely Nigeria, Kenya, and South Africa. The report…
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Nigeria Stopping The Rejection Of Old Or Torn USD Notes Underlines Why Crypto Is A Better Reserve Currency
In early April 2021, the Central Bank of Nigeria (CBN) issued a circular warning Nigerian institutions to stop the practice of rejecting old or lower denomination USD notes. The CBN…
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How African Users Can Buy And Trade Bitcoin Cash Without Facing KYC Or Geoblocking Hurdles
Africa remains the home to a large proportion of the world’s population that is unbanked according to a 2017 World Bank Global Index survey. Many of those who are unbanked…