The Stakeholders in Blockchain Technology Association in Nigeria (SIBAN), a Nigerian blockchain and crypto advocacy group, recently announced the introduction of a code of conduct for Nigerian virtual asset service providers. All Nigerian VASPs are subject to the code of conduct, which was initiated by the office...
Bukola Saraki, a presidential candidate in Nigeria, recently stated that he supports the digital currency industry, claiming that it has created opportunities for the country's youth. He did insist, however, that laws guiding players in this space be enacted. Bukola Saraki, one of Nigeria's...
The Central African Republic's (CAR) unexpected adoption of bitcoin demonstrates that the top cryptocurrency can be used as a substitute for fiat currency. However, the African country's telecommunications infrastructure still requires significant investment. The CAR should also prioritize education to help the general public become more familiar...
New rules governing the issuance of digital assets have been announced by Nigeria's securities regulator. Platforms that offer digital assets must also register under the new regulations. The Nigerian Securities and Exchange Commission (SEC) has issued new regulations governing the issuance of digital assets...
According to a new report, Nigerian authorities' ban on Twitter and restrictions on cryptocurrency trading have "crippled foreign direct investment in the fintech industry." A new report has found that restrictions imposed by Nigerian authorities on crypto trading may have contributed to the reduced...
The International Monetary Fund (IMF) has joined the chorus of critics of the Central African Republic's (CAR) decision to adopt bitcoin. According to the IMF, the adoption poses legal and economic challenges not only to the country, but also to the region. The IMF...
Tanzanian financial sector officials have called for a more defined global agreement on central bank digital currencies (CBDCs) and crypto-assets. Officials agreed that more discussions were needed before a final decision could be made. Interoperability of CBDCs Just under a year...
The South African Treasury has said it expects the proposals to include crypto asset service providers as accountable institutions within the Financial Intelligence Centre (FIC) Act to be finalized this year. The move to regulate crypto service providers comes as South Africa is attempting...
Cryptocurrency exchange Binance has restricted 281 Nigerian user accounts. Citing user security and fraud prevention, CEO Changpeng Zhao explained that “approximately 38% of these cases restricted at the request of international law enforcement.” 281 Nigerian Accounts Restricted by Binance, CEO Says 79...
The leader of the Nigerian blockchain association, Senator Ihenyen, has implored the country’s lawmakers — currently pushing for the securities law to be revamped — to consider crafting laws that regulate the crypto industry.  Proposed Law Does Not Expressly Mention Cryptocurrencies