CBN Could Have Regulated Blockchain in 2021 – Convexity CEO
At the Stakeholders in Blockchain Technology Association of Nigeria (SIBAN)’s Digital Assets Summit 2023 in Abuja, Adedeji Owonibi, CEO of Convexity, said the Central Bank of Nigeria should have created a blockchain regulation strategy in 2021. In the panel titled The Future of Digital Assets: Regulatory Uncertainty and the Way Forward, the panelists discussed why […]
Nigeria Embraces Blockchain, Trains 32,000 Citizens
The Nigerian government has approved a comprehensive framework for integrating blockchain technology into various economic sectors. What the Policy Aims to Accomplish The National Blockchain Policy is a roadmap for Nigeria’s adoption and utilization of blockchain and other emerging technologies. It was approved by President Muhammadu Buhari on May 3, 2023, after consultations with 56 […]
Central Bank of Nigeria (CBN) Sanctions Banks Over Crypto Regulations
The Central Bank Of Nigeria (CBN) has sanctioned and fined three commercial banks, Access Bank Plc, United Bank for Africa Plc, and Stanbic IBTC Bank a total of N800 million for failing to comply with regulations prohibiting customers from trading in cryptocurrencies. The sanctions are part of the CBN’s efforts to crack down on cryptocurrency […]
Abokifx suspends its services after threats from the Nigerian Central Bank
Abokifx, a website that tracks the Nigerian currency’s black market exchange rates, has announced the suspension of their daily updates following threats from the Central Bank of Nigeria (CBN). The decision by Abokifx came shortly after the CBN’s monetary policy committee met on the same day. Governor Godwin Emefiele accused the publisher of the tracking […]
What you should know about Bitt Inc, the digital currency partner of the Central Bank of Nigeria
Bitt has been selected as the technical partner for the Central Bank of Nigeria’s digital currency, nicknamed eNaira, which will be introduced later this year. The announcement was made on Monday, August 30th, by the Central Bank of Nigeria . People have expressed an interest in learning more about the company and how Nigerians will […]