Cryptocurrencies are very unstable for them to become a widely used method of payment, the Nigerian and Kenyan central bankers have reportedly said. In addition,
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Report: Nigerian Crypto Restrictions and Twitter Ban Have ‘Crippled Foreign Direct Investment in the Fintech Industry’
A new report has concluded that restrictions on cryptocurrency trading, as well as the banning of Twitter by Nigerian authorities, may have “crippled foreign direct
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Study Finds 33.4 Million Nigerian Adults Hold or Have Traded Crypto in Last 6 Months
According to a new report, approximately 33.4 million Nigerians, or 35% of the country’s adult population, are holders of cryptocurrencies or have traded them in
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Report: Four Nigerian Lenders Penalized for Failing to Block Crypto Transactions
The Nigerian central bank recently fined four financial institutions it accuses of failing to stop clients from using their respective platforms to conduct cryptocurrency transactions.
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Rwanda May Not Reach Decision on CBDC Issuance Until End of 2022 — Central Bank Official
The Rwandan central bank may not know whether it can issue a digital currency until December 2022, when it completes a study that looks at
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Nigerian Blockchain Advocacy Group Says ‘Crypto Is Legit’ — Calls for Regulation of Industry
The Nigerian blockchain advocacy group, the Stakeholders in Blockchain Technology Association of Nigeria (SIBAN), has said crypto is legit and must be regulated. The group
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