News with the tag "Central bank of Nigeria"

Nigeria is changing its crypto rules, as the government wants digital asset transactions taxed and regulated. The Securities and Exchange Commission (SEC) confirmed on Tuesday that it is working on new rules to bring all eligible transactions into the formal tax net. A bill outlining a tax framework...

The Federal Inland Revenue Service (FIRS) plans to introduce a new law aimed at regulating the crypto sector in Nigeria. The post Nigeria Set to Introduce New Law For Crypto Taxation appeared first on TheCoinrise.com .

A Nigerian pro-Bitcoin politician and activist revealed he filed a lawsuit against several Nigerian authorities for the restrictions on ownership, use, and trade of BTC, USDT, and other cryptocurrencies in the country. The lawsuit comes after the Nigerian government’s stringent measures to try to co...

According to BICCoN Chair Lucky Uwakwe, it is crucial for the Nigerian SEC to establish rules that define the asset class of crypto assets. The post Nigerian Stakeholders Advocate Commodity Classification for BTC and ETH appeared first on Latest News and Insights on Blockchain, Cryptocurrency, and I...

The CBN's attitude to crypto has been inconsistent in recent years and the crackdown contradicts a decision taken in 2021 to facilitate crypto account opening.

Yesterday morning, we all read that the Central Bank of Nigeria (CBN) was front and center issuing a sweeping directive that roped in Deposit Money Banks (DMBs), Non-Bank Financial Institutions (NBFIs), Other Financial Institutions (OFIs), and even the general public. The command was crystal clear. ...

The Nigerian Central Bank has entered into partnered with Gluwa to advance the adoption of its CBDC dubbed e-Naira The post Nigeria’s Central Bank Partners Gluwa to Advance e-Naira Adoption appeared first on Latest News and Insights on Blockchain, Cryptocurrency, and Investing .

Nigeria’s economic scene is showing signs of revival, sparked by a series of bold financial strategies by the Central Bank of Nigeria (CBN) and the fresh policies of President Bola Tinubu. The country’s currency, the naira, is showing promising strength, and here’s the lowdown on what’s happening an...

Binance had already imposed restrictions on Tether trading in Nigeria on February 20 in an effort to align with regulatory expectations. The post Binance Under the Crosshairs of Nigerian Central Bank: Details appeared first on Latest News and Insights on Blockchain, Cryptocurrency, and Investing .

The country's facing a crippling foreign exchange crisis and looking for ways to limit capital outflows, including via crypto.