Nigeria and Ethiopia have both experienced local currency devaluation which has driven stablecoin adoption.
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Global Surge in CBDC Development: 134 Countries Now Exploring Digital Currencies
New data shows that 134 countries, representing 98% of global GDP, are now exploring central bank digital currencies (CBDCs), with 66 nations advancing to pilot
Read moreBinance exec’s mother pleads with US gov’t to secure his release
Detained in Nigeria for more than six months and with reported deteriorating health, Tigran Gambaryan likely won’t return to court until Oct. 9.
Read moreUS diplomats pressure Nigeria to release detained Binance exec
Tigran Gambaryan, a United States citizen and former Internal Revenue Service agent, has been detained in Nigeria since February 2024.
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India, Nigeria, Indonesia Lead Chainalysis 2024 Crypto Adoption Index
India, Nigeria, and Indonesia top Chainalysis’ latest global crypto adoption index, which ranks 151 countries based on grassroots cryptocurrency usage, adjusted for population and purchasing
Read moreNigeria’s SEC to crack down on unregulated crypto exchanges
Nigeria’s SEC will enforce regulations on unregulated crypto businesses as it aims to protect investors and encourage innovation in the growing market.
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