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Key Takeaways In a significant move, the Central Bank of Nigeria (CBN) has granted its approval for the Africa Stablecoin Consortium (ASC) to initiate a trial of the cNGN stablecoin within the regulatory sandbox. The official launch of the stablecoin…
Key Takeaways In a groundbreaking policy shift, the Central Bank of Nigeria (CBN) has decided to lift restrictions on Nigerian banks engaging in cryptocurrency transactions, marking a significant development in the country’s financial landscape. This move comes nearly two years…
Key Takeaways Patricia, a Nigerian cryptocurrency exchange’s CEO, Fejiro Hanu, has confirmed that customers now have the option to convert their owed funds into Patricia shares through the launch of Patricia Token (PTK). This unconventional strategy aims to manage users’…
Binance is still facing increased regulatory pressure as the Federal Government of Nigeria requests to forbid Binance's operations.
Key Takeaways Nigeria’s Securities and Exchange Commission (SEC) has delivered a stern warning to crypto platform providers and investors, declaring that Binance’s operations within the country are illegal. In a notice issued on Friday, the SEC ordered all crypto platform…
The company confirmed that its shareholders had made the strategic decision to streamline operations and concentrate on Cashlink.
Binance CEO CZ, took to Twitter to announce a cease and desist order against "Binance Nigeria Limited," referring to the Nigerian company as a "scammer entity.
Nigeria SEC argues that Binance is neither registered nor regulated by the agency, and its operations are "illegal" in the country.
A security issue has been discovered on Patricia, necessitating fast action to protect its consumers.
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