Nigeria Sets to Ban P2P Crypto Trading in Naira
To implement new regulations, the Nigerian government intends to prohibit peer-to-peer (P2P) cryptocurrency exchanges that utilize the Nigerian naira (NGN), the national currency. Bloomberg reported on May 7 that “in the coming days,” Nigeria’s Securities and Exchange Commission (SEC) will unveil a new regulatory framework for cryptocurrency exchanges, custodians, and other industry firms. Agama, director […]
Revolut Launches Crypto Exchange for UK Users
Revolut launched a new dedicated crypto trading platform for UK retail users dubbed Revolut X. Revolut, a global neobank and fintech company, has made a significant foray into cryptocurrencies by covertly launching a specialized trading platform for retail clients in the United Kingdom. Targeting a particular demographic, Revolut introduced Revolut X on May 7. According […]
Flincap CMO is Optimistic About Nigeria’s Crypto Situation
The chief marketing officer of the Flincap cryptocurrency exchange is optimistic despite the Nigerian cryptocurrency sector being at risk due to recent governmental raids. Oladotun Wilfred Akangbe voiced apprehensions in an interview with Cointelegraph regarding the repercussions of these events on Nigeria’s standing in the global cryptocurrency market. Nevertheless, he observed that Nigeria has previously […]
Upbit Exchange Suspends Transactions Exceeding 1M Won
South Korea Upbit cryptocurrency exchange will suspend withdrawals and deposits of digital assets exceeding 1 million Korean won (approximately $721). On April 17, the cryptocurrency exchange Upbit stated in a blog post that the inability to process deposits and withdrawals was due to the suspension and termination of Ten&Ten’s Travel Rule Solution service . The […]
Binance to Restrict Unverified Sub-accounts on Its Link Program
Binance has announced plans to restrict sub-accounts without the necessary KYC information under the Binance Link Program. Verified and compliant users would be the only ones able to access their sub-accounts, according to Binance’s announcement on April 5. Subaccounts opened for deposits only and not used for trading are likewise subject to the regulation. According […]